Browsing College of Arts and Science by Author "Han, Lihong"
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Han, Lihong; Rousseau, Peter L. (Vanderbilt University, 2009)Data on U.S. mergers and aquisitions from 1987 to 2006 indicate that firms with high market-to-book values (i.e., Tobin's Q) tend to merge with firms that have lower Q's, but that target Q's are on average higher than those ...