Using a comprehensive sample of reverse merger (RM) transactions, we examine the effects of China's IPO regulations on … theory, ESP also explains the sensitivity of prices to corporate earnings, and predicts the likelihood of firms to undertake …

-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains …, prior to merger consummation. This paper analyzes horizontal mergers when the output decision-making process is sequential … of "Merger Approval", the paper emphasizes the timing of regulatory intervention and distinguishes two different merger …

"This paper examines the impact of mergers on default risk, finding that, on average, a merger increases the default … prior to a merger announcement. We also demonstrate higher levels of default risk are not accompanied by higher post- merger … risk of the acquiring firm. This is surprising for two reasons: risk reduction is among the reasons commonly cited for …