Can Deal Failure Be Predicted?
Publication Date
2-25-2018
Abstract
Using an ex-post realized measure of deal failure, the write-down of acquisition goodwill, we find in a sample of 1,400 completed acquisition deals, that, on average, goodwill exceeds 50% of the purchase price, is impaired for 24% of acquirers, and over 8
Document Type
Article
Keywords
Mergers, Acquisitions, Acquirer Abnormal Return, Target Abnormal Return, Overpayment, Goodwill Impairment
Disciplines
Finance
DOI
10.2139/ssrn.3128481
Source
SMU Cox: Finance (Topic)
Language
English
