institutional ownership is positively associated with the intensity of cross-border M&A activity worldwide. Foreign institutional … ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the …

empire-building CEOs. The prospect of a future takeover means that CEOs with no ownership stake will over-invest in some …'s position in a hostile takeover induce raiders to launch friendly takeovers sooner. The increased takeover threat induces CEOs … takeover gains are high. Optimal ownership-generated incentives and the market for corporate control add more value after …

This paper examines the relation between firm ownership structure, bilateral political relations and firm performance … relative to non-affiliated bidders. Collectively, our results suggest an important role for bidder ownership type as well as …

. Institutional cross-ownership between two firms not only increases the probability of them merging, but also affects the outcomes of … mergers and acquisitions (M&As). Institutional cross-ownership reduces deal premiums, increases stock payment in M … high institutional cross-ownership have lower transaction costs and disclose more transparent financial statement …

shareholders experience significantly higher abnormal returns around the takeover announcement. In a similar vein, acquirer firms …

-increasing takeovers when the EOR is present. The model also delivers predictions about announcement returns and the incidence of block …

end, we examine 342 intra-European takeovers of listed target firms announced between 1997 and 2007. We find that family …

block trades. The positive effect of block trades becomes small as the target firm had high director ownership before the …