Abstract
This study investigates the volume reaction to merger and acquisition (M&A) announcements for acquiring firms. It identifies the method of payment, target ownership, firm size and the relative size of acquisitions as important cross-sectional determinants of the volume reaction. This research is important because volume is a fundamental attribute of securities markets. Moreover, the analysis of trading volume and its determinants provides insights about which M&A attributes cause investor disagreement about the value of M&A activities.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
