The author discusses the paper by Ordyna (2020) and suggests a few areas for improvement. First, the author could think more about the financing scheme of the acquisition including hybrid debt securities. Second, the author could consider forecast reputation, the timing and frequency of earnings guidance. Third, the author may consider the difference-in-differences research design and identification strategy. Other model designs, robustness checks and alternative measures of key variables are discussed.

中文翻译：

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讨论（分类）收益指导和收购融资

作者讨论了Ordyna（2020）的论文，并提出了一些需要改进的地方。首先，作者可以更多地考虑收购的融资方案，包括混合债务证券。其次，作者可以考虑预测声誉，指导收入的时间和频率。第三，作者可以考虑差异研究设计和识别策略。讨论了其他模型设计，鲁棒性检查和关键变量的替代度量。