An examination of the relation between takeovers and stock price volatility. The analysis focuses on the Martingale (efficient markets) Model of stock price behavior and an alternative view in which stock prices reflect values to participants in a market for corporate control. This paper includes a mathematical treatment of the subject.Stock - Prices

Jeffrey M. Lacker

John A. Weinberg

English

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Takeovers and stock price volatility

http://www.richmondfed.org/publications/research/economic_review/1990/pdf/er760202.pdf

Takeovers and stock price volatility

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