M&A
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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
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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 fir
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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 econo
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Activism and Empire Building
The growing influence of activists in today’s corporate landscape has prompted financial economists to investigate the drivers of shareho
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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
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Takeovers and (Excess) CEO Compensation
We study if a CEO’s equity-based compensation affects the expected value generation in takeovers.
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