Corporate acquisitions by listed firms: the experience of a comprehensive sample
研究了上市公司收购的全面样本，发现多数收购公告导致股价显著上涨，尤其在控制部分预期问题和相对收购规模后，且没有证据表明进行不良收购的公司更易被收购。
The sample used includes tender offers, mergers, acquisitions of privately held corporations, and comprehensive acquisitions of other firms' assets. According to the results, the majority of bid announcements prompt significant stock price increases, especially when controlling for partial anticipation problems and relative acquisition size. Furthermore, there is little evidence that firms that engage in bad acquisitions are more likely to be taken over.