Do Appraisal Challenges Benefit Target Shareholders through Narrowing Arbitrage Spread? A Reply
回复Jetley和Huang关于套利价差异常值的评论，用数据证明2019年文章中目标股东异常回报的分析不受异常值实质影响。
In this reply to Jetley and Huang’s note on arbitrage spread outliers, we present data showing that the analysis of target shareholders’ abnormal returns in our May 2019 article published in the Journal of Law and Economics is not materially impacted by outliers.