M&A

A Breakdown of the Valuation Effects of International Cross-Listing

It is well known that cross-listing domestic stocks in foreign exchanges has significant valuation effects on the listed company's shares. Using a sample of firms with dual shares, we explore the differential effects of cross-listing...

Mergers and Acquisitions in Europe

Corporate Restructuring and Bondholder Wealth

Freeze-Outs: Transcontinental Analysis and Reform Proposals

Corporate Governance Convergence: Evidence from Takeover Regulation

Disentangling the Link Between Stock and Accounting Performance in Acquisitions

We study the accounting and stock performance of 4,547 US acquisitions during 1989 and 2008. We categorise acquisitions into four types based on the four possible combinations of positive or negative abnormal stock performance and...

Do target CEOs sell out their shareholders to keep their job in a merger?

Venture Capital Conflicts of Interest: Evidence from Acquisitions of Venture Backed Firms

Contractual Corporate Governance

Spillover of Corporate Governance Standards in Cross-Border Mergers and Acquisitions

In cross-border acquisitions, the differences between the bidder and target corporate governance have an important impact on the takeover returns. We measure the difference in the bidder and target corporate governance (in terms of...

How Do Mergers and Acquisitions Affect Bondholders in Europe? Evidence on the Impact and Spillover of Governance and Legal Standards

The Effects of the National Setting on Employment Practice: the Case of Downsizing