Title

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

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