The number of non-U.S. firms listing their equity on U.S. stock exchanges has increased dramatically. While non-U.S. firms may seek U.S. listings for a variety of reasons, we focus on one often-mentioned motive, namely, that a U.S. listing enhances access to external capital markets. We document...

We compare acquisitions completed with and without investment bank advice over the 1981-1992 period. We find that the choice to use an investment bank depends on the complexity of the transactions, the type of transaction (takeovers versus acquisitions of assets), the acquiror's prior...

We compare acquisitions completed with and without investment bank advice. We find that the choice to use an investment bank depends on the complexity of the transaction, the type of transaction (takeovers versus acquisitions of assets) and the acquiror's prior acquisition experience. For...

The authors analyze the effect of financing announcements of highly leveraged transactions on the stock prices of the banks that lead highly leveraged transaction lending syndicates. For their sample of forty-one highly leveraged transactions, the authors document that the first highly leveraged...