We analyze the litigation risk of Chinese firms listed in the U.S. We find that firm-specific characteristics from prior literature studying U.S. firms are not correlated with the litigation risk of U.S.-listed Chinese firms. However, our findings indicate that the method of listing is the only...

Our work provides refined tests of the existence and source of merger gains in a neglected industry: utilities. While excluded from traditional analyses, utilities offer fertile ground for a detailed analysis of the traditional theories of synergy, collusion, hubris and anticipation. The...

We document market anticipation of merger bids and that less anticipated bids earn significantly higher announcement returns. Subsequent bidders experience significant and positive returns surrounding initial industry bid announcements. These results suggest that announcement period returns...