Do, Tan; Garcia Osma, Beatriz; Toldrà-Simats, Anna; … - 2023
We examine the effect of voting requirements in M&A transactions on managerial disclosure, information asymmetries, and … voting outcomes. We find that voting requirements lead firms to provide more disclosure and in a timelier manner, including … reduction in information asymmetries in deals subject to vote. More disclosure in the presence of voting requirements also …