There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited … reviewing the use and challenges of event studies in merger analysis, I use a novel application of Hoberg-Phillips (2010, 2016 ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …

novel word list of intangibles and apply it to takeover announcements. Deals presented with more “intangibles talk” complete … overoptimism. Overall, takeover announcements can provide important information regarding the quality of deals …

Employing a sample of 492 merger and acquisition (M&A) announcements from 284 acquirers across North America and Europe …

obtain abnormal returns that are statistically significant after the announcement of the M&A. However, when the merger is not …

-term underperformance, and (vii) reward their top managers of with large compensation increases subsequent to mergers …

In this paper, we use call option prices to identify synergies and news from merger and acquisition (M&A) transaction …

value for the acquirer. However, announcement returns combine information about value creation because of the merger and a … the merger. We find that despite their negative average announcement returns, acquisitions of public targets typically do …