{"id":"https://openalex.org/W119686914","doi":"https://doi.org/10.1007/s11142-016-9353-3","title":"The effects of anticipated future investments on firm value: evidence from mergers and acquisitions","display_name":"The effects of anticipated future investments on firm value: evidence from mergers and acquisitions","publication_year":2016,"publication_date":"2016-02-17","ids":{"openalex":"https://openalex.org/W119686914","doi":"https://doi.org/10.1007/s11142-016-9353-3","mag":"119686914"},"language":"en","primary_location":{"id":"doi:10.1007/s11142-016-9353-3","doi":"https://doi.org/10.1007/s11142-016-9353-3","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s11142-016-9353-3","pdf_url":null,"source":{"id":"https://openalex.org/S11853582","display_name":"Review of Accounting Studies","issn_l":"1380-6653","issn":["1380-6653","1573-7136"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Accounting Studies","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2734421","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5015836781","display_name":"Ning Zhang","orcid":"https://orcid.org/0000-0001-6607-051X","observed_orcids":["https://orcid.org/0000-0001-6607-051X"]},"institutions":[{"id":"https://openalex.org/I204722609","display_name":"Queen's University","ror":"https://ror.org/02y72wh86","country_code":"CA","type":"education","lineage":["https://openalex.org/I204722609"]},{"id":"https://openalex.org/I4210096394","display_name":"Queens University","ror":"https://ror.org/00strmv13","country_code":"BD","type":"education","lineage":["https://openalex.org/I4210096394"]}],"countries":["BD","CA"],"is_corresponding":true,"raw_author_name":"Ning Zhang","raw_affiliation_strings":["Smith School of Business, Queen\u2019s University, Kingston, ON, K7L 3N6, Canada","Queen's University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Smith School of Business, Queen\u2019s University, Kingston, ON, K7L 3N6, Canada","institution_ids":["https://openalex.org/I204722609"]},{"raw_affiliation_string":"Queen's University","institution_ids":["https://openalex.org/I204722609","https://openalex.org/I4210096394"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5015836781"],"corresponding_institution_ids":["https://openalex.org/I204722609","https://openalex.org/I4210096394"],"apc_list":{"value":3190,"currency":"USD","value_usd":3190},"apc_paid":null,"fwci":1.5293,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.84750676,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"21","issue":"2","first_page":"516","last_page":"558"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9868000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9868000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.01119999960064888,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"mergers and acquisitions","score":0.8629999756813049},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.7900000214576721},{"id":"https://openalex.org/keywords/free-cash-flow","display_name":"free cash flow","score":0.9129999876022339},{"id":"https://openalex.org/keywords/investor-expectations","display_name":"investor expectations","score":0.6399999856948853},{"id":"https://openalex.org/keywords/market-valuation","display_name":"market valuation","score":0.6650000214576721},{"id":"https://openalex.org/keywords/acquisition-history","display_name":"acquisition history","score":0.48899999260902405}],"concepts":[{"id":"https://openalex.org/C548217281","wikidata":"https://www.wikidata.org/wiki/Q731112","display_name":"Mergers and acquisitions","level":2,"score":0.745463490486145},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.7104264497756958},{"id":"https://openalex.org/C2780334105","wikidata":"https://www.wikidata.org/wiki/Q9297784","display_name":"Free cash flow","level":3,"score":0.6140229105949402},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.5994974970817566},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.5796818137168884},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.5582360029220581},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5098535418510437},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5001602172851562},{"id":"https://openalex.org/C2780148112","wikidata":"https://www.wikidata.org/wiki/Q1432581","display_name":"Proxy (statistics)","level":2,"score":0.48387348651885986},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.4430941641330719},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4301111102104187},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.41657087206840515},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.41270118951797485},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3662292957305908},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1007/s11142-016-9353-3","doi":"https://doi.org/10.1007/s11142-016-9353-3","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s11142-016-9353-3","pdf_url":null,"source":{"id":"https://openalex.org/S11853582","display_name":"Review of Accounting Studies","issn_l":"1380-6653","issn":["1380-6653","1573-7136"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Accounting Studies","raw_type":"journal-article"},{"id":"mag:3121171186","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2734421","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:spr:reaccs:v:21:y:2016:i:2:d:10.1007_s11142-016-9353-3","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s11142-016-9353-3","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:dukespace.lib.duke.edu:10161/8185","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10161/8185","pdf_url":null,"source":{"id":"https://openalex.org/S4306400687","display_name":"DukeSpace (Duke University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I170897317","host_organization_name":"Duke University","host_organization_lineage":["https://openalex.org/I170897317"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dissertation"}],"best_oa_location":{"id":"mag:3121171186","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2734421","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":75,"referenced_works":["https://openalex.org/W134620922","https://openalex.org/W301040122","https://openalex.org/W1752626474","https://openalex.org/W1828771748","https://openalex.org/W1903868686","https://openalex.org/W1977240483","https://openalex.org/W1978282661","https://openalex.org/W1995834279","https://openalex.org/W1996666670","https://openalex.org/W1997433126","https://openalex.org/W2000578291","https://openalex.org/W2001727087","https://openalex.org/W2003153844","https://openalex.org/W2016817897","https://openalex.org/W2034403759","https://openalex.org/W2042846613","https://openalex.org/W2046341612","https://openalex.org/W2047134779","https://openalex.org/W2049350168","https://openalex.org/W2060714269","https://openalex.org/W2067944410","https://openalex.org/W2076035820","https://openalex.org/W2081416478","https://openalex.org/W2090758019","https://openalex.org/W2099935220","https://openalex.org/W2116905505","https://openalex.org/W2118978278","https://openalex.org/W2133795123","https://openalex.org/W2145788913","https://openalex.org/W2149967678","https://openalex.org/W2160860931","https://openalex.org/W2163146514","https://openalex.org/W2166215547","https://openalex.org/W2322350880","https://openalex.org/W2529183508","https://openalex.org/W2580010294","https://openalex.org/W2889590150","https://openalex.org/W2891721089","https://openalex.org/W3021092167","https://openalex.org/W3121250421","https://openalex.org/W3121860914","https://openalex.org/W3121869535","https://openalex.org/W3121973884","https://openalex.org/W3121986562","https://openalex.org/W3122340701","https://openalex.org/W3122489725","https://openalex.org/W3122594041","https://openalex.org/W3122632517","https://openalex.org/W3122642351","https://openalex.org/W3122723388","https://openalex.org/W3122746743","https://openalex.org/W3122760969","https://openalex.org/W3122831108","https://openalex.org/W3123032206","https://openalex.org/W3123310805","https://openalex.org/W3123344732","https://openalex.org/W3123479862","https://openalex.org/W3123504461","https://openalex.org/W3124114405","https://openalex.org/W3124176564","https://openalex.org/W3124242212","https://openalex.org/W3124319942","https://openalex.org/W3124422916","https://openalex.org/W3124963659","https://openalex.org/W3125077614","https://openalex.org/W3125353045","https://openalex.org/W3125397542","https://openalex.org/W3125657343","https://openalex.org/W3125686936","https://openalex.org/W3125688476","https://openalex.org/W3125822680","https://openalex.org/W3125856240","https://openalex.org/W3125924213","https://openalex.org/W3153957638","https://openalex.org/W4290016560"],"related_works":["https://openalex.org/W2615034763","https://openalex.org/W2124503985","https://openalex.org/W4408239006","https://openalex.org/W7112045821","https://openalex.org/W7204578305","https://openalex.org/W2160626445","https://openalex.org/W223412150","https://openalex.org/W3122274939","https://openalex.org/W1550073991","https://openalex.org/W1604523824"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
