the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any …

This study analyzed activism that leads to a merger or acquisition (M&A) of a firm to see its benefits for the …

performance. Consistent with our aggravated expropriation hypothesis, we find that pledging firms in China initiate more takeovers … expropriate minority shareholders through self-serving corporate takeovers after the stock pledge …

biases are responsible for the commonly reported finding that on average takeovers are harmful to bidder shareholder wealth … generally benefit from takeovers capturing on average 67% of the economic gains from the transaction in cash bids and 91% in … confirm the neoclassical view that takeovers are positive NPV projects for a typical bidder. We base this conclusion on two …

created by a merger, the combined firm return plays a key role in differentiating competing merger theories and is quantified …

-increasing takeovers when the EOR is present. The model also delivers predictions about announcement returns and the incidence of block …