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Cited by 933

The DOI matches its Crossref record; 74 of the 74 references it cites were found in a registry or an index.

Does Investor Misvaluation Drive the Takeover Market?

Open access
DONG, MING, HIRSHLEIFER, DAVID, RICHARDSON, SCOTT, TEOH, SIEW HONG·2006·The Journal of Finance
DOI 10.1111/j.1540-6261.2006.00853.x
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Abstract

This paper uses pre‐offer market valuations to evaluate the misvaluation and Q theories of takeovers. Bidder and target valuations (price‐to‐book, or price‐to‐residual‐income‐model‐value) are related to means of payment, mode of acquisition, premia, target hostility, offer success, and bidder and target announcement‐period returns. The evidence is broadly consistent with both hypotheses. The evidence for the Q hypothesis is stronger in the pre‐1990 period than in the 1990–2000 period, whereas the evidence for the misvaluation hypothesis is stronger in the 1990–2000 period than in the pre‐1990 period.

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Crossref · 10.1111/j.1540-6261.2006.00853.x

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Metadata

Authors
DONG, M., HIRSHLEIFER, D., RICHARDSON, S., & TEOH, S. H.
Venue
The Journal of Finance
Publisher
Wiley
Published
2006-03-09
Volume
61
Issue
2
Pages
725-762
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2006.00853.x
OpenAlex
W3021092167
Cited by
933
References
74
FWCI
163.33
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Does Investor Misvaluation Drive the Takeover Market? https://app.cochat.ai/papers/10.1111/j.1540-6261.2006.00853.x
The paper
DONG, M., HIRSHLEIFER, D., RICHARDSON, S., & TEOH, S. H. (2006). Does Investor Misvaluation Drive the Takeover Market? The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2006.00853.x

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.