We examine firm value consequences of anti-takeover regulation, exploiting the staggered announcement and … implementation of an anti-takeover regulation in the U.K. We show that, on average, takeover protection increases firm value. This … effect is partly driven by innovative firms expanding their R&D activities. However, the anti-takeover regulation also …

This study provides evidence on the disciplinary role of failed takeover attempts. We find that the likelihood of CEO … turnover in target firms following failed takeover attempts is 21% greater than non-target firms matched on the basis of … with the firms' stock returns during the period from the onset of the takeover attempt through its resolution and with the …

international perspective. At the same time, the empirical evidence states that M&A contribute to one third of the average corporate …

This paper examines the existence of a diversification discount in the Australian takeover market. A sample of 446 …

related to how the firm perceives the degree of international financial integration. Five strategies for how to break out of a …