Putting your money where your mouth is: the performance of earnouts in corporate acquisitions
BJM Quinn - U. Cin. L. Rev., 2012 - HeinOnline
U. Cin. L. Rev., 2012•HeinOnline
… This Article seeks to answer the question whether earnouts really serve to respond to
adverse selection, as commonly believed, or if alternatively, they better address problems
created by symmetric uncertainty. To answer this question, I conduct diference of means
tests for fair value estimates of … Thus, the earnout provision may permit a high quality
seller to "put her money where her mouth is" and thus credibly convey hidden information
about her quality to prospective buyers.… In fact, earnouts are less prevalent in transactions …
adverse selection, as commonly believed, or if alternatively, they better address problems
created by symmetric uncertainty. To answer this question, I conduct diference of means
tests for fair value estimates of … Thus, the earnout provision may permit a high quality
seller to "put her money where her mouth is" and thus credibly convey hidden information
about her quality to prospective buyers.… In fact, earnouts are less prevalent in transactions …
This Article seeks to answer the question of whether earnouts really serve to respond to adverse selection, as commonly believed, or if
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