This paper examines how the target's customer concentration affects merger performance.
We find that the acquirer purchasing a customer-concentrated firm experiences significantly …

The paper investigates the impact of four key corporate governance mechanisms-board,
audit, compensation and ownership, and anti-takeover provisions-on the exposure and …

This study examines the impact of staggered boards, poison pills and unequal voting rights
on corporate innovation intensity using a sample of listed firms in six Asian countries from …

Takeover defenses are ubiquitous in corporate life: over 99% of mature firms and 92% of
new initial public offering (IPO) firms have at least one of the six E-index defenses, and most …

Drawing on the appropriability–appropriation framework and signaling theory, we
hypothesize that post-IPO firms with higher patent quality use takeover defenses as levers to …

This study investigates whether the retention of founders has a greater impact on deal prices
and acquirer benefits compared with the retention of family successors or CEOs when …

Merger control exists to help safeguard effective competition. However, findings from a
natural experiment suggest that regulatory merger control reduces the profitability of …

Because time is a key determinant of entrepreneurial decision making, time-to-event models
are ubiquitous in entrepreneurship. Widespread econometric misconception, however, may …

This paper examines the impact of takeover law enforcement on corporate acquisitions. We
use the European Takeover Directive as a natural experiment, which harmonizes takeover …

Using a sample of publicly-listed Chinese firms during the period 2008 to 2017, we
investigate the impact of financial advisors' industry expertise on the quality of material asset …