题目

英语翻译
1.Relatively larger sizes of targets will induce the managers to inflate the stock price through advertising because of the possibility of significant economic gains.Hence,in equation (3)we hypothesize a positive coefficient on the DR variable.Similarly,higher managerial OWN may induce managers to increase advertising intensity due to relatively large personal gain fromdoing so.We also hypothesize a positive coefficient for the managerial OWN variable.However,it is important to note that in both cases increasing the stock price through increased advertising does not conflict with the existing acquiring firm’s shareholders’ interests.

提问时间：2020-08-04

答案

相对大的目标群会引发管理者通过广告来提高股票价格,因为有机会获得巨大的经济收益.因此,在等式3中,我们假定在DR变量上有一个正系数.相似的,更高的管理层持股也有可能引发管理者提高广告密度,因为他们个人可以获取更...