A reexamination of the tendering profit anomaly

PR Kadapakkam, H Zhang, S Yildirim - Review of Quantitative Finance …, 2021 - Springer
Abstract Lakonishok and Vermaelen (J Financ 45: 455–477, 1990) and Peyer and
Vermaelen (Rev Financ Stud 22: 1693–1745, 2009) document profits of around 9% from …