indicates that the merger arbitrage strategy generates large risk adjusted returns. More recent evidence indicates that the …This paper replicates the core underlying merger arbitrage strategy using daily data from the United Kingdom to … generate three simulated merger arbitrage portfolio return series, for the period 2001 through to 2004. Past empirical evidence …

Largely constant average acquirer returns over the past four decades mask fundamental changes in the takeover market … the 1980s. Offsetting this increase, the average bidder-specific component has declined. We propose a theory of bidder …-specific synergies to help interpret these opposing trends. In our theory and in the data, acquirer returns increase with the extent to …

effect of resolution of trade policy uncertainty on merger and acquisition (M&A) activity and shareholder value of acquiring …

longer maturity bonds, bonds issued by firms with high asset risk, and bonds issued by firms with a higher likelihood of …