Investor Sentiments and Fama–French Five-Factor Premia
نویسندگان
چکیده
منابع مشابه
Investor Sentiments, Ill-Advised Acquisitions,
We hypothesize that the root cause of many goodwill write-offs—managers’ public admission of ill-advised corporate acquisitions—is the overpriced shares of buyers at acquisition. Overpriced shares provide managers with strong incentives to invest, and particularly to acquire businesses, even at excessive prices, and doubtful strategic fit, in order to buy themselves out of the problem—overprice...
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ژورنال
عنوان ژورنال: SAGE Open
سال: 2021
ISSN: 2158-2440,2158-2440
DOI: 10.1177/21582440211027846