Are investors compensated for their sophistication and informedness for company takeovers – An Australian study
(2018)
Journal Article
McAdam, C. (2020). Are investors compensated for their sophistication and informedness for company takeovers – An Australian study. Global finance journal, 44, Article 100446. https://doi.org/10.1016/j.gfj.2018.08.002
I determine the sophistication and information level in takeovers for four investor classes which are individuals, nominees (fund managers), superannuation (pension) funds and incorporated
companies. I also calculate their takeover returns. I find t...
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