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Mergers & acquisitions (M&A) are most popular external growth strategies. While the number of M&A has been increasing during the past decades, on average, only the shareholders of target firms gain value during the acquisitions process, while acquirers do not receive abnormal positive returns....
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. Using supervisory trade-level data, we show that banks with closer ties to a target advisor in a takeover buy more stocks of … leaking information about takeover bids to connected banks, as it drives up the final offer price without compromising the …
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coherent inference procedure that detects a jump in the yield spread only if at least one of the two underlying bonds displays …
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yield curve and significantly exceeds that of some other widely used financial indicators. The macroeconomic effects of an …
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