When-issued trading concerns transactions in securities that have not yet been issued. This paper investigates the Dutch ldquo;grey marketrdquo; for when-issued shares prior to stock splits, using a unique hand-collected data set. Market makers are more likely to set up a when-issued market when...

Intro -- Corporate Governance and Regulatory Impact on Mergers and Acquisitions -- Copyright Page -- Contents -- Acknowledgments -- About the Editors -- List of Contributors -- Chapter 1: Understanding Mergers and Acquisitions: Corporate Governance and Regulatory Issues -- 1.1 Corporate...

This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...