Agrawal, Anup; Cooper, Tommy; Lian, Qin; Wang, Qiming - In: Journal of Law and Economics 56 (2013) 3, pp. 691-691
We examine the determinants of merging firms’ choice of a common or separate mergers and acquisitions adviser and the consequences of this choice on several deal outcomes. In a large sample of acquisitions, common advisers appear to be chosen in economically sensible ways. After controlling...