Paper Title
Information Asymmetry and Takeover Performance

Abstract
This paper examines the impact of information asymmetry (IA) on post-takeover performance. Prior theoretical research presents a contradictory impact of target IA on post-takeover performance, which either poses threats to acquiring firms due to an adverse selection problem or gives rise to superior performance by obtaining private information. Our results support the later. This paper uses statistical methods, also employ methods to address possible econometric concerns.