Baxamusa, Mufaddal; Javaid, Saima; Harery, Khadija - In: Review of Quantitative Finance and Accounting 44 (2015) 3, pp. 393-423
We hypothesize that the more central a firm in the customer–supplier network the lower is its returns from an acquisition. We find that the acquirers’ announcement day abnormal returns decline if the acquirer is more central in the network. Additionally, the target’s premiums decline if...
