| 来源类型 | Journal
|
| 规范类型 | 其他
|
| The Winner's Curse & Private Firms |
| Edward J. Egan
|
| 发表日期 | 2017-02-20
|
| 出版年 | 2017
|
| 语种 | 英语
|
| 概述 | The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of ... |
| 摘要 | By James A. Brander and Edward J. Egan
The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.
"The Winner's Curse in Acquisitions of Privately-held Firms" is published in The Quarterly Review of Economics and Finance. Click here to view a preview of the paper. The full version is available on a pay-per-view basis or by subscription. |
| 主题 | McNair Center
|
| URL | https://www.bakerinstitute.org/research/winners-curse-privately-held-firms/
|
| 来源智库 | James A. Baker III Institute for Public Policy (United States)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/79939
|
推荐引用方式
GB/T 7714 |
Edward J. Egan . The Winner's Curse & Private Firms. 2017.
|
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