This appendix contains supplementary material to the analyses reported in Lattanzio and Taillard (2022). In particular, all the tables reported in the main study are replicated below using the Lattanzio and Ma (2021) cybersecurity measure. All of our main findings are robust to using this...

Using novel measures of cybersecurity risk, we document that low cybersecurity risk firms are more likely to be involved in M&A transactions. Mergers are significantly less likely to be withdrawn if the target has a low cybersecurity risk profile. Merger premium are higher for mergers involving...

The abnormal decline in the number of US public firms is often blamed on mergers, private equity, and stock market regulations. We compare and quantify the effects of these channels in a unified framework. In the US, an extra 100 mergers is associated with 22.01 additional missing public firms,...

We analyze the relationship between corporate reliance on alternative work arrangements and stock returns by documenting that an equal-weighted portfolio of the “100 Best Companies for Remote Working Jobs” earned an annualized four-factor alpha of 7.44% over the period 2014 to 2019. Firms...

The abnormal decline in the number of US public firms is often blamed on merger activity, private equity investments, and stock market regulations. We compare the effects of these channels in a unified framework. In the US, an extra 100 mergers is associated with 41.56 additional missing public...

"This book provides a detailed analytical assessment of merger and acquisition phenomenon in banking. It advances the prior literature focusing on some specific aspects that have been investigated by only limited previous analysis. It assesses the effect produced by M&A transactions on bank...