This study investigates characteristics that affect the relationship between firms' positions in a network of collaborative ties with other firms and their performance. Firms located in similarly structured networks rich in structural holes may obtain different performance results depending on...

We find that acquirers create higher shareholder returns when advised by investment banks with more experience in the target industry. This finding is stronger when acquirers face more difficulties understanding and evaluating the targets. Further analyses show that these banks help acquirers...

1. Don’t Rely on Investment Banks for Valuation -- 2. Avoid “Strategic” Deals -- 3. Link the Before and After -- 4.Think Like a Financial Investor -- 5. Move Fast and Communicate Transparently -- 6. Conclusion: Closing the Deal, But at What Price?