when merger bonuses are present in deals where targets exhibit high pre-takeover abnormal accruals or are subject to SEC …Do merger bonuses to target CEOs facilitate a wealth transfer from target to acquirer shareholders? We test this … generate small synergies. When target CEOs get a merger bonus, acquirers pay lower premiums, but they also typically get less …

under- or overreacts to merger news when initially revaluing merger partners but corrects any miscalculation following the … consummation of the merger …

Using the Japanese bank merger dataset for the 2000s, this paper investigates whether the reduction of the ownership … subsequent operating performance has a non-linear relationship with the cumulative shareholding ratio in the pre-merger period …% rule after the banks merger …

, evidence is in strong support that firms with merger-related conference calls yield a higher abnormal return than firms merely …

I study a protectionist anti-takeover law introduced in 2014 that covers a subset of all firms in the economy. The law … decreased affected firms' likelihood of becoming the target of a merger or acquisition and had a negative impact on shareholder … takeover market by increasing the pay-for-performance sensitivity …

By means of a company merger formerly legally and economically independent companies are tied up to an economic entity …. To order the financial state of affairs after the merger, the current shareholders must revalue their stake in the merged … to define an ideal exchange ratio, the valuation problem of a merger was taken up again not earlier than in Hering (2004 …