Andriosopoulos, Dimitris; Yang, Shuai - In: Journal of Banking & Finance 50 (2015) C, pp. 547-561
In this paper we investigate the impact of institutional ownership on UK mergers and acquisitions. We employ a comprehensive sample of M&As conducted by UK acquirers from 2000 to 2010, thus including a full cycle of peak and trough in M&A waves. We find that institutional investors increase the...