Target-firm information asymmetry and acquirer returns

By Micah S. Officer, Annette B. Poulsen, Mike Stegemoller. 2009

337 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4dcf57a2bdeb8f509fa059bfb0b42dd0c96b469f

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Citations in the corpus

Common Auditors in M&A Transactions (2016, positive): “more difficult (Officer et al., 2009; McNichols and Stubben, 2014), and common auditors could”
Shared Auditors in Mergers and Acquisitions (2016, neutral): “…smaller auditors, their stock returns at announcement are higher; interpreting it to mean that smaller auditors provide greater 5 See, for example, Officer, Poulsen, and Stegemoller (2009), Povel and Singh (2006), Bharadwaj and Shivdasani, (2003), Harford, Klasa, and Walcott (2009), Fishman…”
Target’s earnings quality and bidders’ takeover decisions (2013, neutral): “6 Moeller et al. (2007), and Officer et al. (2009) examine the effect of uncertainty on acquirers’ stock returns.”
Venture Capital Conflicts of Interest: Evidence from Acquisitions of Venture-Backed Firms (2010, positive): “In an unreported regression, we follow Officer et al. (2009) by interacting the early development stage indicator with the stock acquisition indicator. Similar to the findings in Officer et al. (2009), we observe a positive coefficient on the interaction variable, suggesting that acquirer returns ar”
Organization Capital and Mergers and Acquisitions (2017, neutral): “1 Ever since Adam Smith (1976), economists have been studying the properties of organization capital and its effects on production output.”
The effect of target-firm accounting quality on valuation in acquisitions (2014, positive): “Furthermore, uncertainty may be addressed through other means, such as through the use of stock payments (Officer et al. 2009), negotiations (Raman et al. 2013), or earnouts, or accounting information may be supplanted by various other sources of information used in the due diligence process.”