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- Title
Market Signals About Investment Decisions: Do Managers Listen?
- Authors
Yunxia Zhu
- Abstract
The article presents a management research brief of the 2008 study "Do managers listen to the market?" by James Kau, James Linck, and Paul Rubin, investigating the level of executive attention to public market signals in regards to merger and acquisition investment decision making. A review of the methodology and results of the study is given, pointing out what market factors executives favor as reliable sources of information and response predictors. Additional discussion is offered regarding the influence of agency cost theory.
- Subjects
MERGERS &; acquisitions; MANAGEMENT; DECISION making; AGENCY costs; BUSINESS forecasting; FINANCIAL market reaction
- Publication
Academy of Management Perspectives, 2009, Vol 23, Issue 1, p84
- ISSN
1558-9080
- Publication type
Article
- DOI
10.5465/AMP.2009.37008010