We examine how labor power affects a firm's takeover exposure and merger gains. Using a regression discontinuity design … labor power significantly reduces a firm's takeover exposure, reduces target offer premium and announcement returns, and …

shareholder derivative litigations more difficult, we show that reduced litigation threats improve corporate takeover efficiency …

discusses the rise of takeovers and takeover defences in the United States. Against this backdrop, it examines recent … European Takeover Bid Directive, which Professor Hopt has described as “sobering”, in view of the large number of members … continued in discussion of takeovers and takeover defences in relation to two major Asian economies, Japan and China. As the …

The paper investigates the post-takeover operating performance of a sample of the 50 largest mergers announced on the …

Literature has extensive discussions on the driving forces of takeover activities, including investor sentiment …, liquidity, and fundamental shocks. We examine how manager sentiment affects takeover characteristics and long-term performance … strong positive predictive power for takeover waves. Firms with high manager sentiment tend to acquire large and private …