Information Asymmetry, Time until Deal Completion and Post-M&A Performance
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ephraim Kwashie Thompson | - |
dc.contributor.author | 김창기 | - |
dc.date.accessioned | 2021-08-31T17:07:56Z | - |
dc.date.available | 2021-08-31T17:07:56Z | - |
dc.date.created | 2021-06-17 | - |
dc.date.issued | 2020 | - |
dc.identifier.issn | 1229-988X | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/59540 | - |
dc.description.abstract | This paper aims to show that information asymmetry plays a vital role in the post-M&A performance-time until deal completion nexus. The findings are that the due diligence hypothesis and the overdue hypothesis proposed and tested in Thompson and Kim (2020) are influenced by the information asymmetry of the target during the negotiation process. Thus, mergers that involve more opaque targets that take a shorter time to close perform better, whereas those that take too long to close experience poor post-M&A performance. Conversely, there is no such effect when the mergers involve targets that are transparent and not plagued with large information asymmetry problems. These results hold for the short-term supporting the evidence that information asymmetry problems are severe before the merger is consummated and become attenuated post-merger. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | 한국파생상품학회 | - |
dc.title | Information Asymmetry, Time until Deal Completion and Post-M&A Performance | - |
dc.title.alternative | Information Asymmetry, Time until Deal Completion and Post-M&A Performance | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | 김창기 | - |
dc.identifier.bibliographicCitation | 선물연구, v.28, no.3, pp.321 - 346 | - |
dc.relation.isPartOf | 선물연구 | - |
dc.citation.title | 선물연구 | - |
dc.citation.volume | 28 | - |
dc.citation.number | 3 | - |
dc.citation.startPage | 321 | - |
dc.citation.endPage | 346 | - |
dc.type.rims | ART | - |
dc.identifier.kciid | ART002635238 | - |
dc.description.journalClass | 2 | - |
dc.description.journalRegisteredClass | kci | - |
dc.subject.keywordAuthor | M& | - |
dc.subject.keywordAuthor | A Performance | - |
dc.subject.keywordAuthor | Time Until Deal Completion | - |
dc.subject.keywordAuthor | Due Diligence Hypothesis | - |
dc.subject.keywordAuthor | Overdue Hypothesis | - |
dc.subject.keywordAuthor | Information Asymmetry | - |
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