Using merger documents filed with the SEC from 1994 to 2018, we show that being selected by investment banks as “comparable peers” are more than twice as likely to become a target themselves in the future compared to control firms matched for industry and size. They also experience an...

Using unique data, this paper examines investment banks’ choice of peers in comparable companies analysis in mergers and acquisitions. We find strong evidence that product market space is amongst the most important factors in peer selection, but we provide evidence indicating that Standard...

Crash risk has been a hot dispute since financial crisis (2008) and the Chinese stock market crash (2015). Many literature including features of managers have been discussed to connect them with crash risk. However, fewer literatures focus on the channel between innovation and crash risk. In...

AZ91-xRE(Ce, Y, Gd, x=0, 0.3, 0.6, 0.9) alloy with different cooling rates were prepared by die casting. Effects of cooling rate and rare earth elements (Ce, Y and Gd) on Mg 17 Al 12 compound in the alloy and the role of Mg 17 Al 12 compound in fracture process were studied. The results show...