-synergy mergers becomes smaller during booms. This implies that the target's opportunity cost for sorting out relatively less ?tting … also consistent with other stylized facts about takeovers and generates novel testable predictions. …

takeovers to test whether group structure, large shareholders, and bank control affect their value to shareholders. First, I … find that takeovers increase bidder value, but generally not that of the business group surrounding it. Second, majority … shareholder. Fourth, the worst takeovers are completed by firms that are majority-controlled by financial institutions. …

performance. By exploiting variations in firms' ownership generated by takeovers, we find that belonging to the same community of …

to important business decisions, specifically those involving corporate takeovers. Consistent with the evidence from …

This paper considers the role mergers and acquisitions have on employment. First, it considers the importance of … activity in a similar manner, employment authorities may be able to anticipate the regions in which takeovers are more likely …

This paper examines voluntary disclosure of profit forecasts by bidding companies during takeovers. Disclosure is …