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

We provide evidence that US firms have a significantly higher probability of acquiring targets
in countries where their CEOs have studied or worked. This finding is robust to alternative …

We open the black box of the M&A decision process by examining whether specialized M&A
staff, who perform a wide range of acquisition-related functions, improve acquisition …

In recent years, VCs have increasingly referred to SPACs to divest portfolio companies
which go public quickly, this way. We examine Gomper's (1996) grandstanding theory and …

The main objective of this paper is to examine the impact of related/unrelated merger and
acquisition (M&A) on value creation and research and development (R&D) of Indian non …

M&A performance is a multifaceted, compound construct with no overarching factor that
captures all different dimensions. This paper examines the concept of acquisition …

We examine whether operating inflexibility posed by labor unions affects goodwill
impairment. We predict such inflexibility hinders resource reallocation after acquisition …

We document a strong positive initial market reaction to merger announcements from
bidders with either large earnings growth or significant earnings decline, relative to those …

We open the black box of the M&A decision process by constructing a comprehensive
sample of US firms with specialized M&A staff. We investigate whether specialized M&A staff …

We study the impact of investor reference-dependent preferences on firm acquisition
decisions and market efficiency. We find that managers pursue risky and low-quality …