This study presents an analysis of publication patterns and major themes in research on
mergers and acquisitions in finance and accounting. We find that takeovers as mechanisms …

Scholars from multiple fields have shown increasing interest in the causes and
consequences of mergers and acquisitions (M&A). Although this proliferation of research …

Political and regulatory uncertainty is strongly negatively associated with merger and
acquisition activity at the macro and firm levels. The strongest effects are for uncertainty …

This research examines the relationship between policy uncertainty and mergers and
acquisitions (M&As). We find that policy uncertainty is negatively related to firm …

M&A deals create more value for acquiring firm shareholders post-2009 than ever before.
Public acquisitions fuel positive and statistically significant abnormal returns for acquirers …

We find strong evidence that three key dimensions of national culture (trust, hierarchy, and
individualism) affect merger volume and synergy gains. The volume of cross-border mergers …

We examine a sample of 12,023 acquisitions by public firms from 1980 to 2001. The equally
weighted abnormal announcement return is 1.1%, but acquiring-firm shareholders lose …

Acquiring‐firm shareholders lost 12 cents around acquisition announcements per dollar
spent on acquisitions for a total loss of 240billionfrom1998through2001,whereastheylost 7 …

We examine M&A transactions between firms with current board connections and find that
acquirers obtain higher announcement returns in transactions with a first-degree connection …

This paper investigates how the investment horizon of a firm's institutional shareholders
impacts the market for corporate control. We find that target firms with short-term …