refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign … when a cross-border merger with hollowing out is not profitable but it is socially desirable. -- Economic models …

the most fascinating of these developments is the emergence of merger and acquisition activity in the industrial sector … size. For the acquiring firms in the year 1999, the time period 1996-99 has been taken as pre-merger period and 2000-04 as … post-merger period. The pre-merger and post-merger period for firms in year 2000 has been taken as 1996-2000 and 2001 …

has seemingly gone hand in hand with significant growth in cross-border merger (CBM) activity. We analyze the influence of … internationalization of the board of directors on announcement returns and post-merger performance of U.S. acquirers. In a sample of … directors on the board and CBM announcement returns and post-merger operating performance. This negative relationship is driven …

the second merger. This paper suggests that the increasing returns can be explained by information discovered by investors … about the quality of the first merger upon announcement of the second merger. Using heterogeneity in various measures of … uncertainty regarding the first merger, I find the increasing returns are concentrated in consecutive mergers where the level of …

Merger (RM) firms. We provide evidence that, contrary to the popular focus by the business press, earnings management happens … reverse merger. Results of tests on these firm-level factors indicate that the differences in earnings quality are both …