Can Deal Failure Be Predicted?
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
Mergers, Acquisitions, Acquirer Abnormal Return, Target Abnormal Return, Overpayment, Goodwill Impairment
SMU Cox: Finance (Topic)
Bhattacharya, Utpal and Jacobsen, Stacey E., "Can Deal Failure Be Predicted?" (2018). Finance Research. 11.