英语翻译Second,our paper adds to the literature that looks at di
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英语翻译
Second,our paper adds to the literature that looks at differentmethods of payment inmergers and the determinants thereof.There exists a large literature that attempts toexplain the choice of method of payment and the relation with a host of firm variables(DeAngelo,1986,1990; Amihud et al.,1990; Erickson and Wang,1999; Facio andMasulis,2005)[5].We add to this literature by investigating the role that advertisingplays in this choice.We provide evidence that there is indeed a predictable link betweenadvertising intensity and the choice of method of payment in a subsequent merger.
Second,our paper adds to the literature that looks at differentmethods of payment inmergers and the determinants thereof.There exists a large literature that attempts toexplain the choice of method of payment and the relation with a host of firm variables(DeAngelo,1986,1990; Amihud et al.,1990; Erickson and Wang,1999; Facio andMasulis,2005)[5].We add to this literature by investigating the role that advertisingplays in this choice.We provide evidence that there is indeed a predictable link betweenadvertising intensity and the choice of method of payment in a subsequent merger.
第二,我们的文献来看,支付inmergers不同及其决定因素.存在一个大的文献,试图解释的支付与主机的fiRM变量的关系方法的选择(DeAngelo,1986,1990;Amihud等人.,1990;埃里克森,1999;王,面andmasulis,2005)[ 5 ].我们添加该文献调查的作用,advertisingplays这个选择.我们提供的证据表明,确实是有一个可预测的链路betweenadvertising强度和在随后的并购支付方式的选择
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