Av. dels Tarongers s/n
E-46022 Valencia
Spain
University of Valencia - Department of Corporate Finance
efficiency, price discovery process, options market, earnings announcement
Acquisitions, Listed and Unlisted Targets, Long-Term Abnormal Returns, Value Creation, Spanish Market
private vs. public firm targets, managerial opportunism, asymmetric information, market valuations
acquisition announcement, value creation, long–run after acquisition returns, target status, Spanish market
acquisition of unlisted firms, Spanish market, event–study
acquisition of unlisted firms, Spanish market, event-study
sample selection bias, private targets, public targets, value creation
ADR, depositary receipts, Tobin's q, trading activity, volatility
options market, thin market, informed trading, price discovery process, earnings announcementmercado de opciones, mercado poco líquido, negociación informada, proceso de formación de precios, anuncio de beneficios
Options Market, Thin Market, Informed Trading, Price Discovery Process, Earnings Announcement
investor inattention, Friday effect, selection bias, acquisition announcement, Spanish market
Firm acquisition; Underreaction; Market sentiment; Managerial overconfidence; Market valuation