Rahman, Abdul Aziz Abdul; Meero, Abdelrhman Ahmad - In: Journal of innovation and entrepreneurship : JIE 12 (2023), pp. 1-23
the role of the acquirer's managerial ability in mergers and acquisitions based on short- and long-term performance as … well as the type of M&A. Two metrics are used to assess short- and long-term performance: the market-to-book ratio (MTBR …) as an indicator of operating performance and the buy-and-hold abnormal return (BHAR) as an indicator of stock return …