In this study, we examine the effect of the market for corporate control (MCC) on firm risk-taking exploiting the staggered enactment of country-level merger and acquisition (M&A) laws of thirty-four countries as a plausibly exogenous source of variation in MCC. Consistent with the theoretical...

We examine whether immigration-related fear sentiments (IFS), that escalates populist views, affects the flow of inbound cross-border acquisitions (CBAs). Consistent with the economic conjecture that IFS induced populist policies can create economic uncertainty and dead-weight costs for...

The post-acquisition growth of high-tech scaleups has received relatively little research attention. This is surprising since buyers are known to target these firms for growth opportunities whilst sellers increasingly seek strategic partners to access resource to scale their ventures. We examine...

The paper uses a new, hand-collected dataset of 93 private equity backed buyouts and 96 PLCs that became financially distressed over the period 1995-2008 to investigate empirically whether private equity owned companies (buyouts) in financial distress (Receivership/Administration) have better...

Acquisitions by larger firms seem to generate less wealth for acquirer stockholders than acquisitions by smaller firms. In this paper, we re-examine the ‘size effect', but separately for serial and non-serial acquisition. We find sample-selection bias results in a spurious size effect for...