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Amir - Literature review This paper finds evidence consistent with a Winner's Curse in the acquisitions of Governance measures - Tell Will and Jake what to pull Will privately- Continue cleaning, run SDCv2 held firms. This Winner's Curse is aggravated when there are more potential bidders and SDCBase through the previous code and work on triple join Jake - Continue VC Fixed Effect measure/or greater information asymmetries.
Winner's Curse in Acquisitions (Academic Paper) (view source)
Revision as of 18:14, 22 March 2017
, 18:14, 22 March 2017no edit summary
{{AcademicPaper
|TitleHas title=Winner's Curse in Acquisitions (Academic Paper)|AuthorHas author=Ed Egan, Jim Brander|Has RAs=Amir Kazempour, Will Cleland, Jake Silberman|StatusHas paper status=R&RPublished
}}
==WHAT MATTERSSummary==Ed - Review code for distance and triple join
The paper was accepted for publication in the Quarterly Review of Economics and Finance in February of 2017.
==Dbase Notes==
*Data dictionary for SDC MA: http://www.edegan.com/repository/DD-ThomsonSDCMA.txt
==Governance_Final Table (Amir)== UPDATE Nov 22, 3:30 pm: All null entries are now stored as 0. Modified SQL codes can be found in GOV_Table- NULL AS ZERO.sql Table Name: governance_final Database: winner Data: ISS (formerly RiskMetrics) - Governance Data Request QUERY saved under 'RiskMetrics' in WRDS Coverage:2007-2015 Summary: SELECT COUNT(*) FROM governance_final; count ------- 40005 (1 row) SELECT COUNT(DISTINCT CUSIP) FROM governance_final; count ------- 2209 (1 row) SELECT COUNT(DISTINCT(CUSIP, year)) FROM governance_final; count ------- 13332 (1 row)
Text file is saved in:
E:\McNair\Projects\Winner's Curse\Governance\RiskMetrics-0b578b37fbb59afa.txt
E:\McNair\Projects\Winner's Curse\Governance\Var-Gov-Desc.pdf
SQL code file for the table is saves saved in
E:\McNair\Projects\Winner's Curse\Data\SQL\GOV_Table.sql
The coding conventionvariables are coded as follows:
0 NO
1 YES
*[[E-mail Chain on Winner's Curse]]
*[[Malmendier & Tate CEO Overconfidence]]
*[[Overconfidence Papers]]
==Resources==
*[[SDC Platinum]]
*[[Venture Expert]]
