| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5069534 | Finance Research Letters | 2015 | 7 Pages |
Abstract
This study investigates the effect of collective holding by the largest mutual fund management company in acquiring companies on acquirers' post-event valuation. We find that total holdings by mutual funds is not a superior proxy to predict the acquiring firms' post-event valuation; however, the collective holding by the largest mutual fund management company in acquiring firms is significantly positively related to the valuation of acquiring firms.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
XiaoGang Bi, Danni Wang,