The authors reviewed controlling stockholder/minority buyout transactions announced between January 1, 2006 and December 31, 2010, in which the controlling stockholder held more than 40% of the target company at the commencement of the transaction, the value paid for the minority stake was in...

We show that partial equity ownership between rival firms has a significant impact on industry competition. Industry-level tests indicate that acquisitions of a minority stake in competing firms' equity are followed by higher output prices and higher price-cost margins, particularly in...

While there have been numerous papers on the employment and wage effects of mergers and acquisitions, there has been no direct analysis of the impact of such ownership changes on minority and female workers. This is an unexplored quot;equityquot; dimension of these transactions. We fill this gap...

We show that minority acquisitions are more common for targets in countries with worse information environments. The effect is stronger for diversifying acquisitions, deals for high-tech targets, and when the bidder has prior acquisition experience. Minority acquisitions can also be a...