Merger momentum and investor sentiment: the stock market reaction to merger announcements

311 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China (2017, background): “Lastly, in line with Rosen (2006) and Golubov et al. (2012), the stock price run-up of acquiring firms (Runup_stock) is negatively associatedwith abnormal returns.”
Management Forecast Quality and Capital Investment Decisions (2014, unknown): “Finally, we control for the acquirer’s pre-acquisition Stock Returns because prior work (e.g., Rosen 2006) documents that an acquirer’s twelve-month stock return trailing the announcement date is a determinant of the acquisition announcement return.”
An Automated Framework for Incorporating News into Stock Trading Strategies (2014, background): “Index Terms—Computer applications, evolutionary computing and genetic algorithms, learning, natural language processing, web text analysis Ç”
Common Auditors in M&A Transactions (2016, methodology): “We also include Leverage to control for creditor monitoring (Maloney et al., 1993; Masulis et al., 2007) and Pre-announcement stock price run-up (Rosen, 2006) for both the acquirer and target.”