I review recent takeover research that advances our understanding of “who buys who” in the
drive for productive efficiency. This research provides detailed information on text-based …

This paper examines the implications of market anticipation of impending merger and
acquisition (M&A) deals on the assessment of acquirer wealth effects through event study …

Knowledge gleaned from previous acquisitions may confer valuation expertise and other
benefits. But numerous acquisitions also entail costs, due to problems of incorporating …

Mergers and acquisitions (M&As) are among the most important corporate events in the
finance and business world in terms of both size and impact. For instance, at the peak of the …

Using data on auctions of companies, we estimate valuations (maximum willingness to pay)
of strategic and financial bidders from their bids. We find that a typical target is valued higher …

The financial crisis has affected the landscape of the banking sector around the world. We
use a sample of transactions carried out by European acquirers in 2007–2010 to study the …

I study the effects of overvalued equity on acquisition activity and shareholder wealth, using
managers' insider trades to measure overvaluation. I find that overvalued equity drives …

This paper investigates intra‐industry spillover effects of corporate scandals in China. We
demonstrate how a contagion effect spreads to peer firms depending upon the quality of …

We review historical and current research on mergers and acquisitions. The literature is
extensive. After a discussion of earlier survey articles (our “survey of the surveys”), we …

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 …