Market Manifestation of Nonpublic Information Prior to Mergers: The Effect of Ownership Structures.
研究非公开信息披露如何解释目标公司在并购前的股价上涨，批评了美国证券交易委员会的披露法规，并分析了所有权控制结构对公司收购相关信息传播的影响。
Abstract Studies the effects of the disclosure of nonpublic information to explain target firms' runups prior to mergers. Criticisms on the disclosure system; US Securities and Exchange Commission's disclosure laws; Effects of ownership control structure on the dissemination of firms' acquisition-related information.