Bethel, Jennifer E.; Hu, Gang; Wang, Qinghai - In: Journal of Corporate Finance 15 (2009) 1, pp. 129-145
This paper explores the market for voting rights and shareholder voting around 350 mergers and acquisitions between 1999 and 2005 by examining institutional-investor trading and voting outcomes. Our results show institutions in aggregate buy shares and hence voting rights before merger record...