, local institutional, and foreign investors in trading target firms' stocks around mergers and acquisitions announcements in …

Mergers and acquisitions (M&As) are mainly a mechanism used in the Latin American banking industry to carry out …

Largely constant average acquirer returns over the past four decades mask fundamental changes in the takeover market … consistent with rising merger synergies that have become less bidder-specific …

The aim of this paper is to study the influence of the Merger and Acquisition (M&A) payment method decision on the …

We show that merger announcement returns account for virtually all of the measured size premium. An empirical proxy for … ex ante takeover exposure positively and robustly relates to cross-sectional expected returns. The relation between size … and expected returns becomes positive or insignificant, rather than negative, conditional on this takeover characteristic …

This study examines whether the content of firms' Security Exchange Commission (SEC) filings submitted for their merger …

leading to a takeover announcement. Using a sample of 3,455 Chinese listed firms that are targets of successful acquisitions … also suggests that pre-merger earnings management in target firms is not fully anticipated by the market before the … takeover announcement. We find no evidence of earnings management immediately after the announcement quarter. …

Using a large database of U.S. mergers and acquisitions (M&As) announced from 2010 through 2017, we examine the effects …

This paper measures the capital markets’ reaction to merger announcements within the announcement month using the … sample of 37 mergers from USA. Research findings indicate that targets earn positive average abnormal returns of 19 percent … significant. These results indicate that the gains around the merger announcements reflect synergetic gains, not the wealth …