This paper investigates the impact on deal outcomes of the presence of M&A top executives with a job title related to external growth. Using a sample of 10,818 US deals between 1993 and 2019, our results show that such presence is negatively associated with bidder gains. These bidders also...

This study examines how the mergers and acquisitions (M&A) environment affects gains to merging firms and their industry rivals. Using a large sample of Canadian acquisitions announcements from 1994 to 2009, we find that during M&A, the shareholders of Canadian merging firms experience indeed...

This article examines the magnitude of stock market reactions around European Central Bank (ECB) monetary policy announcements. Since the introduction of ECB, the declining absolute abnormal returns have been compatible with stock market learning from ECB monetary policy making. The Eurozone...