is strongest in 1) within-industry mergers, 2) cross-region mergers, and 3) mergers involving employees with high …, controlling for this EF, merger size is unrelated to announcement period returns …

We find strong evidence that analysts tend to have downward-biased earnings estimates immediately before merger … announcement dates when earning announcement date is within a 60 day window prior to merger announcement date. Compared to pure … hypothesis, suggesting analyst's earnings forecast right before merger announcements may be influenced by merger means of payment …

This paper offers new evidence on informed trading around merger and acquisition announcements from the UK equity and … ‘estimation' and ‘event window' lengths, different sub-samples, and to liquidity considerations. In addition, the findings …

' information processing even in the context of one of the largest and most important corporate events – merger announcements. More … reaction to Friday stock swap announcements is muted, as evidenced by lower acquirers' merger announcement abnormal trading … volumes and less pronounced acquirers' merger announcement abnormal stock returns …

' information processing even in the context of one of the largest and most important corporate events – merger announcements. More … reaction to Friday stock swap announcements is muted, as evidenced by lower acquirers' merger announcement abnormal trading … volumes and less pronounced acquirers' merger announcement abnormal stock returns …

This paper studies the impact of the network centrality of directors on the choice of payment method in mergers and …

Using mergers and acquisitions as a testing ground we examine whether managers face conflicting incentives in selecting … top to the bottom decile of the measure of uniqueness of the corporate strategy of the post-merger company is associated … decile; they also have subsequent one-year-post-merger-closing profitability which is about 1.25% lower than their peer group …

between the timing of stock swap announcements and completions and acquirers' reporting behaviors. Using the timing of merger … opportunistic. More specifically, we show that stock-for-stock acquirers that inflate earnings the most tend to announce mergers on … Fridays, while distancing some of their earnings management activities from the merger announcement date. The negative …

We explore the motives and consequences of bond tender offers announced in connection with mergers and acquisitions (M …