Purpose Mergers and acquisitions (M&As) are important strategic actions undertaken by
firms to access resources and markets. However, firms face substantial challenges in M&As …

This paper argues that, as far as the investment behavior of non-financial corporations is
concerned, the apparent continuity over the last four decades suggested by the corporate …

This paper presents a novel decomposition approach for measuring deterrence motives in
dynamic oligopoly games. Our approach yields a formalized, scale-free, and interpretable …

We provide new facts about the cross section and evolution of mergers and acquisitions for
US public firms. Using a general equilibrium model with a hedonic demand system and data …

We examine the impact of common institutional ownership (CIO) of firms in the same
industry on their cost of bank loans using data on Taiwan-listed firms from 1996 to 2021. The …

The common ownership of firms can have anticompetitive effects by incentivizing collusive
outcomes that maximize joint surpluses of the commonly held firms or procompetitive effects …

Abstract Research Summary This study examines the role of foreign institutional investors in
shaping acquiring firms' equity share decisions in cross‐border mergers and acquisitions …

This study explores how the introduction of the carbon emissions trading scheme (ETS)
affects investors' reactions to corporate earnings surprises. We propose two non-exclusive …

Using a sample of Chinese A-share listed companies from 2007 to 2020, we explore the
impact of common institutional owners on M&A activities. Our results strongly support the …

Patent infringement lawsuits profoundly affect firms' innovation decisions, but few studies
explore their spillover effects. In this paper we examine whether patent infringement lawsuits …