This chapter surveys the recent empirical literature and adds to the evidence on takeover
bids for US targets, 1980–2005. The availability of machine readable transaction databases …

I review recent empirical research documenting offer premiums and bidding strategies in
corporate takeovers. The discussion ranges from optimal auction bidding to the choice of …

We study business groups׳ internal capital markets using a unique data set on intra-group
lending in Chile (1990–2009). In line with groups׳ financing advantage, firms that borrow …

As firms grow older, their profitability seems to decline. We first document this phenomenon
and show that it is very robust. Then we offer two non-exclusive explanations of why firms …

This article offers evidence on the ownership concentration at a representative sample of US
public firms. Ninety-six percent of these firms have blockholders; these blockholders in …

Combining insights from the socioemotional wealth and institutional perspectives, we
hypothesize that firms controlled by families offer greater job security to employees relative …

This paper presents a parsimonious, structural model that isolates primary economic
determinants of the level and dispersion of managerial ownership, firm scale, and …

We study corporate control tracing controlling shareholders for thousands of listed firms from
127 countries over 2004 to 2012. Government and family control is pervasive in civil‐law …

This paper investigates whether firms that communicate information on social media have a
lower cost of equity capital. Using a hand-collected dataset comprising the full universe of all …

Newly public firms make acquisitions at a torrid pace. Their large acquisition appetites reflect
the concentration of initial public offerings (IPOs) in mergers and acquisitions-(M&A-) …