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What Goes Wrong in M&As? On the Long-Run Success Factors in M&As
Mergers and acquisitions (M&As) are among the most important events in a company’s lifecycle and have a significant impact on the firm’s...Read more
Asking the Right Question: The Statutory Right of Appraisal and Efficient Markets
In appraisal cases, shareholders have the right to have a judge determine the “fair value” of their shares. These cases bring economic analysis...Read more
Activism and Empire Building
The growing influence of activists in today’s corporate landscape has prompted financial economists to investigate the drivers of shareholder...Read more
China as a "National Strategic Buyer": Towards a Multilateral Regime for Cross-Border M&A
Unlike the case of cross-border trade, there is no explicit international governance regime for cross-border M&A; rather, there is a shared...Read more
Employee-Manager Alliances and Shareholder Returns from Acquisitions
In this article, we examine the potential for management-worker alliances when employees have substantial voting rights from their equity...Read more
Activism Pressure and the Market for Corporate Assets
The intense and sustained presence of hedge fund activists in many industries and markets makes it likely that activism produces effects beyond...Read more
The Intangibles Song in Takeover Announcements: Good Tempo, Hollow Tune
Takeovers are major corporate actions; they significantly impact the future of the acquiring company. A successful acquisition requires a...Read more
Does Revlon Matter? An Empirical and Theoretical Study
In Does Revlon Matter: An Empirical and Theoretical Study, available...Read more
Extreme times, Extreme Measures: Pandemic-Resistant Corporate Law
These are exceptional times. Almost everywhere, policymakers are taking exceptional measures. Most of these measures are in the domains of public...Read more