Chief executive officer (CEO) narcissism affects the takeover process. Acquirer shareholders
react less favorably to a takeover announcement when the target CEO is more narcissistic …

We review recent research into how firms navigate four complex decisions in corporate
takeovers:(a) deal initiation,(b) pre-offer toehold acquisition,(c) the initial (public) offer price …

We document that public firms participate more than private firms as buyers and sellers of
assets in merger waves and their participation is affected more by credit spreads and …

We examine the impact of shared auditors, defined as audit firms that provide audit services
to a target and its acquirer firm prior to an acquisition, on transaction outcomes. We find …

This paper examines how the internationalization process evolves. We do so by examining
the cross-border acquisition (CBA) decisions of multinationals under the contingent impact …

Using hand-collected CEO education data of 3574 CEOs over the period of 2000 to 2015,
we document that CEOs are significantly more likely to acquire targets that are …

Young male CEOs appear to be combative: they are 4% more likely to be acquisitive and,
having initiated an acquisition, they are over 20% more likely to withdraw an offer …

The benefits of internal labor markets are largest when they include industries that utilize
similar worker skills, thereby facilitating cross-industry worker reallocation and collaboration …

This paper investigates the selling process of firms acquired by private equity versus
strategic buyers. In a single regression setup we show that selling firms choose between …

In an “activist risk arbitrage,” a shareholder attempts to improve terms of an announced M&A
through public campaigns. Activists target deals with low premiums and those susceptible to …