In this study, we examine non-government-assisted US commercial bank merger activity prior to and during the recent financial crisis. Mergers that occur throughout the crisis appear to be more significant events for both targets and acquirers. Acquirers seek out relatively larger targets during...

It is commonly believed that the negative financing-return anomaly is associated with the negative investment-return anomaly. The purpose of this research is to thoroughly investigate this issue to answer the question of whether the return predictabilities based on investment and financing...

Prior research reports that financial performance of firms that hire interim CEO successors is worse following interim CEO appointments than those that hire permanent successors. We find that this underperformance occurs only following voluntary turnover interim appointments, which represent a...