📣 Help Shape the Future of UKRI's Gateway to Research (GtR)

We're improving UKRI's Gateway to Research and are seeking your input! If you would be interested in being interviewed about the improvements we're making and to have your say about how we can make GtR more user-friendly, impactful, and effective for the Research and Innovation community, please email gateway@ukri.org.

Why Does an Acquiring Firm's Cash Reserve Have a Negative Wealth Effect: Agency or Overvaluation?

Lead Research Organisation: University of Manchester
Department Name: Manchester Business School

Abstract

Abstracts are not currently available in GtR for all funded research. This is normally because the abstract was not required at the time of proposal submission, but may be because it included sensitive information such as personal details.

Publications

10 25 50
publication icon
Gao N (2015) The motives of cash reserve and bidder cash reserve effects in International Review of Financial Analysis

publication icon
Gao N (2011) The adverse selection effect of corporate cash reserve: Evidence from acquisitions solely financed by stock in Journal of Corporate Finance

publication icon
N Gao (2015) Cash-Rich Acquirers Do Not Make Bad Acquisitions: New Evidence

 
Description Featured research (Business & Economics) 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Media (as a channel to the public)
Results and Impact Invited by Business & Economy to contribute a popularized article based on this research, to target at a broad audience (business, practitioners and general public).
Year(s) Of Engagement Activity 2011
URL http://businessandeconomy.org/bfm/bfm-story.asp?s_id=60&pageno=1