We compare acquisitions completed with and without investment bank advice over the 1981 to 1992 period. We find that the choice to use an investment bank depends on the complexity of the transaction, the type of transaction (takeovers versus acquisitions of assets), the acquiror's prior...

The authors analyze the effect of financing announcements of highly leveraged transactions on the stock prices of the banks that lead highly leveraged transaction lending syndicates. For their sample of forty-one highly leveraged transactions, the authors document that the first highly leveraged...

As global competition drives corporations into distant, unfamiliar markets, managers are searching for ways to minimize their uncertainty. When formulating their strategies for such environments, managers frequently rely on country risk analysis. Assuming that country risk analysis is an...