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SUMMARY:Information Asymmetry and Firm Value: New Insights from Mergers an
 d Acquisitions
DTSTART:20160628T121500
DTEND:20160628T131500
DTSTAMP:20260427T202906Z
UID:3d795ec290cf952386203016f17bf8d129578d30869c92a4c9832316
CATEGORIES:Conferences - Seminars
DESCRIPTION:Chinmoy GHOSH (University of Connecticut\, School of Businness
 )\nWe examine the relation between information asymmetry (IA) and firm val
 ue using M&A as the identification strategy. Due to the due diligence and 
 intense scrutiny of the target around M&A announcements\, acquisitions are
  significant shocks to a target’s IA. We find that M&A announcement-peri
 od wealth gains are significantly related to target’s IA\, and that opaq
 ue firms are more likely to be targets\, and less likely to experience dea
 l withdrawals. Furthermore\, we find that the party with high IA is in a w
 eaker position when negotiating the deal. Finally\, we document that targe
 t IA influences method of payment\, and the likelihood of diversifying dea
 ls
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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