M&A

Working Paper

11 February 2021

Target Employee-Shareholder Conflicts of Interest, Unemployment Insurance and Takeover Outcomes

We examine the extent that unemployment insurance (UI) reduces employee-shareholder conflicts of interest in target firms and affects takeover outcomes. A 10% increase in UI level raises takeover likelihoods by 15- 26% over the...

Lixiong Guo | Jing Kong | Ronald Masulis
01 March 2016

Creditor Rights, Claims Enforcement, and Bond Returns in Mergers and Acquisitions

By means of an international sample of cross-border mergers and acquisitions (M&As) involving firms with outstanding Eurobonds from the US, Europe, and other countries around the world, we show that bond performance around...

Luc Renneboog | Peter Szilagyi | Cara Vansteenkiste
01 September 2014

Zealous Advocates or Self-interested Actors? Assessing the Value of Plaintiffs? Law Firms in Merger Litigation

Using a hand-collected sample of 1,739 class actions that challenge the fairness of M&A transactions from the period 2003 through 2012, we examine the effectiveness of plaintiffs? law firms. We divide plaintiff law firms into...

C.N.V. Krishnan | Steven Davidoff Solomon | Randall Thomas

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