Question

求翻译求翻译，英译汉英译汉

Our paper is related to and complements their findings. While their paper focuses on firms
that issue equity in either an IPO or SEO setting, we investigate advertising expenditure
patterns of acquirers prior to engaging in a merger. However, a relatively high stock
price ismost beneficialwhen a firmundertakes amerger or acquisition using its stock as
a currency of exchange. Hence, we investigate whether there are differences in
advertising expenditures prior to merger, conditional on the method of payment.

Answer 1

我们的论文是有关的补充和fi特点。虽然他们的研究firmsthat发行股票在IPO和SEO的设置，我们探讨收购广告expenditurepatterns从事并购之前。然而，一个相对高的股价最好的ficialwhen一firmundertakes合并或收购其股票作为货币使用。因此，我们调查是否有差异，广告支出合并之前，有条件的付款方法。

Answer 2

我们的论文是有关的补充和fi特点。虽然他们的研究fiRMS
这个问题在一个IPO和SEO的股权设置，我们探讨广告支出
从事兼并收购现有的模式。然而，一个相对高的股票
价格最好ficialwhen合并或收购一firmundertakes使用其股票
一种货币的兑换。因此，我们调查是否有差异
广告支出合并之前，有条件的付款方法。