Audra L. Boone, Brian J. Broughman, Antonio J. Macias
{"title":"Do Appraisal Challenges Benefit Target Shareholders through Narrowing Arbitrage Spread? A Reply","authors":"Audra L. Boone, Brian J. Broughman, Antonio J. Macias","doi":"10.1086/711667","DOIUrl":null,"url":null,"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.","PeriodicalId":22657,"journal":{"name":"The Journal of Law and Economics","volume":"94 1","pages":"817 - 820"},"PeriodicalIF":0.0000,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Journal of Law and Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1086/711667","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
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.