We present large-sample evidence on the performance of domestic and U.S.(foreign) bidder firms acquiring Canadian targets. Domestic bidders earn significantly positive average announcement-period abnormal returns, while U.S. bidder returns are indistinguishable from zero. Measures of pre- and...

Program of Tuck-JFQA Contemporary Corporate Governance Issues II: International Corporate Governance Conference. The conference was held July 12-13, 2002 at Tuck School of Business at Dartmouth, Hanover, NH. Conference sponsored by Tuck and The Journal of Financial and Quantitative Analysis

This essay surveys the recent empirical literature and adds to the evidence on takeover bids for U.S. targets, 1980-2005. The availability of machine readable transaction databases have allowed empirical tests based on unprecedented sample sizes and detail. We review both aggregate takeover...

We survey empirical research on the Swedish auction bankruptcy system, which requires that filing firms are put up for sale in an auction. The bids determine whether the firm will be liquidated piecemeal or continued as a going concern. The auctions are competitive and there is little evidence...

We critically revisit and expand previous studies on the likely valuation effect of Norway's pioneering board gender-quota law. Most important, Ahern and Dittmar (2012) report a significantly negative average abnormal stock return, which they conclude is evidence of a large shareholder-borne...