significant differences in the two methods of valuing merger outcomes. In addition, the analysis of various quantiles of merger …

overconfident female directors less overestimate merger gains. As a result, firms with female directors are less likely to make …

&A decisions. This study runs statistical regressions on the likelihood of a merger, whether the deal is diversifying, how much … variable of interest and including controls for firm characteristics, merger characteristics, industry, and year. This paper …

to redistribute merger proceeds to management. The current article highlights an overlooked distinction between pre-merger … golden parachutes and merger side-payments. Similar to a legislative rider attached to a popular bill, management can bundle …-it-or-leave-it merger vote. Because side-payments are bundled into a merger transaction, voting rights cannot adequately protect …

As countries around the world regain their economic footing, reigniting confidence and optimism, merger and acquisition …

This paper provides evidence of merger timing induced by investors' overoptimism. We distinguish between hot and cold … merger markets and examine the movements of bidding firms' stock prices, around, before and after mergers announcements. Our … when investors are highly overoptimistic and react irrationally to a merger announcement. We find evidence that bidders …

The inability of most bank merger studies to control for hidden bailouts may …