This research employs a difference-in-differences framework to study the impact of major board reforms on the … performance of mergers and acquisitions (M&As). Using an international sample of board reforms implemented in 61 countries from … board reforms in target countries. This effect is most pronounced in M&A transactions that involve the sale of controlling …

reforms" at times of a fiscal consolidation, as many Southern European countries did during the recent crisis, may foster the … rise in unemployment and possibly undermine the political support for the reforms. When we estimate the contribution of … product and labor market reforms to the rise of unemployment in Southern Europe, however, we find positive, but relatively …