Investor Relations Role in Merger and Acquisition Activity
Kate Upton ()
Additional contact information
Kate Upton: 2075 Campus Box, Elon, NC 27277, USA
Quarterly Journal of Finance (QJF), 2018, vol. 08, issue 02, 1-28
Abstract:
Managers are increasingly likely to use investor relations (IR) specialists to communicate to their investors during takeover contests. This paper is the first to study the use of external IR firms and their relation to merger and acquisition (M&A) deal characteristics. Targets that employ IR exhibit increased deal premiums, increases in the time to resolution, and a lower likelihood of deal completion, which may be associated with an IR firm’s media campaign and efforts to delay or prevent a deal. Bidders who utilize IR resources have deals that are more likely to be completed, which likely reflects their ability to educate investors.
Keywords: Mergers; acquisitions; investor relations (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2010139218500064
Access to full text is restricted to subscribers
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:wsi:qjfxxx:v:08:y:2018:i:02:n:s2010139218500064
Ordering information: This journal article can be ordered from
DOI: 10.1142/S2010139218500064
Access Statistics for this article
Quarterly Journal of Finance (QJF) is currently edited by Fernando Zapatero
More articles in Quarterly Journal of Finance (QJF) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().