Journal Article
Takeovers and stock price volatility
Abstract: 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.
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https://fraser.stlouisfed.org/title/economic-quarterly-federal-reserve-bank-richmond-960/march-april-1990-477359?page=27
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1990
Volume: 76
Issue: Mar
Pages: 29-44