We document the frequent use of stock lockup agreements in mergers and acquisitions (M&As) paid in stock and examine the corporate determinants and consequences of lockups’ use and duration. Lockup agreements prohibit target shareholders from selling shares issued by the acquirer as means of...

The continued shift to defined contribution plans and individual investment responsibility has made understanding what motivates individual behavior critical. Using 2010-2016 panel data from the Health and Retirement Study, this paper evaluates how stock market evaluation frequency and...