Do Appraisal Challenges Benefit Target Shareholders through Narrowing Arbitrage Spread? A Reply
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Abstract
In this reply to Jetley and Huang’s note on arbitrage spread outliers, we present data showing that the analysis of target shareholders’ abnormal returns in our May 2019 article published in the Journal of Law and Economics is not materially impacted by outliers.
Recommended Citation
Boone, Audra; Broughman, Brian; and Macias, Antonio J.
(2020)
"Do Appraisal Challenges Benefit Target Shareholders through Narrowing Arbitrage Spread? A Reply,"
Journal of Law and Economics: Vol. 63:
No.
4, Article 8.
Available at:
https://chicagounbound.uchicago.edu/jle/vol63/iss4/8
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