英语翻译
2.For example,if an acquirer announces amerger in a year and uses stock as the payment method then in order to be included in our sample it cannot have different paymenttypes (e.g.cash) in the surrounding year (22) to year ( 1) of that announcement.Thisrequirement further reduces our sample to 1,470merger announcements by 1,118 uniquefirms.When we filter in a more conservative manner,by considering mergerannouncements where the acquirer undertakes only one deal during the entire sampleperiod (1990-2010) the sample reduces to 734 unique announcements of 734 uniqueacquirers.We label these two samples as “inclusive” and “conservative”,respectively,throughout this paper and use both samples in our analyses.