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Keywords: takeovers
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Journal Articles
The Accounting Review (2022) 97 (4): 345–370.
Published: 01 July 2022
...Jing Li; Tingjun Liu; Ran Zhao ABSTRACT We examine takeover auctions when an informed bidder has better information about the target value than a rival and target shareholders. The informed bidder's information is either hard or soft, and only hard information can be credibly disclosed. We show...