We study how transparency affects takeover probability and stock returns. If transparency helps acquiring firms to determine target value or synergy,...
This paper analyses takeovers of companies owned by atomistic shareholders and by one minority blockholder, all of whom can only decide to tender or...
We investigate the effects of target initiation in mergers and acquisitions. We find target-initiated deals are common and that important motives for...
In this paper, I draw on economic theory of ownership structure; empirical research on ownership, value and takeovers; and comparisons to US law to argue...
In cross-border acquisitions, the differences between the bidder and target corporate governance have an important impact on the takeover returns. We...
We document that the relation between firm value and the use of takeover defenses is positive for young firms but becomes negative as firms age. This value...