Shamsher Mohamad and Annuar Md. Nassir
Pertanika Journal of Tropical Agricultural Science, Volume 14, Issue 1, April 1991
Keywords: Bidding firms, share offers, cash offers, abnormal returns, information hypothesis'.
Published on:
This paper explores the role of the means of payment in explaining the returns to UK. bidding firms in share and cash offers at the announcement of the offer. The findings reveal that bidder firms that made share offers experience significantly negative abnormal returns at the announcement period and that the difference in abnormal returns between cash and share offers are positive and significant. Both findings are consistent with the 'information hypothesis.
ISSN 1511-3701
e-ISSN 2231-8542