Leverage, ownership structure, and returns to shareholders of target and bidding firms
This paper tests for the joint effects of leverage and ownership structure in target firms on returns to shareholders in both target and bidding firms. For a sample of 81 targets and 81 bidders in successful takeovers covering the years 1980 through 1990, our event-study results indicate that the de...
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| Other Authors: | , |
| Format: | article |
| Published: |
1999
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| Online Access: | http://hdl.handle.net/10725/4701 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.jstor.org/stable/40473258?seq=1#page_scan_tab_contents |
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