M&A

Working Paper

01 January 2014

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

We test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data from 64 countries during the period 2005-2014, we find that cross-border M&A activity is...

Rui Albuquerque | Miguel Ferreira | Luis Brandão-Marques | Pedro Matos
08 December 2016

Will I Get Paid? Employee Stock Options and Mergers and Acquisitions

We analyze how employee compensation contracts of target firms affect merger terms and outcomes. Using unique data from merger agreements, we document that in 80.0% of all M\&A deals at least some of the target's ESOs are canceled by...

Ilona Babenko | Fangfang Du | Yuri Tserlukevich
06 August 2019

Does Revlon Matter? An Empirical and Theoretical Study

We empirically examine whether and how the doctrine of enhanced judicial scrutiny that emerged from Revlon and its progeny actually affects M&A transactions. Combining hand-coding and machinelearning techniques, we assemble...

Matthew Cain | Sean Griffith | Robert Jackson | Steven Davidoff Solomon

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