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Market Manifestation of Nonpublic Information Prior to Mergers: The Effect of Ownership Structures.

In-Mu Haw; Victor S. Pastena

The Accounting Review 1990

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.

DOI
10.2308/tar-9603263535
Volume
65 (2)
Pages
432-451
Language
en
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