We test whether venture capital (VC) or private equity (PE) backing at the time of a firm's IPO leads to different post-IPO acquisition strategies. Using a sample of 1,341 US IPOs between 2001 and 2017 and 1,845 subsequent acquisitions by these newly public firms, we find that PE-backed newly...

This review provides a comprehensive analysis of the literature on bank mergers and acquisitions with an emphasis on the last decade. The study identifies and analyzes more than 135 publications focusing on this subject. The publications are grouped along their regional focus and the three main...

We analyze the shareholder wealth implications of the financial sector consolidation in the Asia-Pacific region between 1995 and 2013. The results suggest that market power consideration play a prominent role when capital market participants value M&As between Asian financial institutions. Asian...