Purpose -The purpose of this paper is to review recent research on the structure of equity ownership and its impact on firm value. In doing so, the paper outlines the main issues, surveys the more recent work, and highlights the most promising developments on this topic....

Purpose – The purpose of this paper is to examine the impact of the distance between the acquiror and the target on merger outcomes. Design/methodology/approach – The authors use the distance between acquiror and target headquarters for a sample of 134 Canadian mergers to proxy for the...

Purpose – The purpose of this paper is to examine the impact of the distance between the acquiror and the target on merger outcomes. Design/methodology/approach – The authors use the distance between acquiror and target headquarters for a sample of 134 Canadian mergers to proxy for the...

Purpose – The purpose of this paper is to review recent research on the structure of equity ownership and its impact on firm value. In doing so, the paper outlines the main issues, surveys the more recent work, and highlights the most promising developments on this topic....