We provide evidence that managers and controlling shareholders time management buyouts (MBOs) and freezeout transactions to take advantage of industry-wide undervaluation. Portfolios of industry peers of MBO and freezeout targets show significant alphas of around 1% per month over the 12-month...

This book provides a comprehensive picture of the location of technological innovation of multinational corporations in the European Union. The increasingly global research strategies of the world's largest firms are analyzed at a detailed regional level across the major EU countries. This...