This paper analyzes capital market reactions to international bank M&A. We investigate combined stock return patterns of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M&A hypotheses and relate characteristic and mutually...

While previous papers have characterized various features of the financial contracts between entrepreneurs and venture capitalists, little is known about how the equity contracts evolve over the life of new ventures. Using the novel data set containing financial contract terms applying to...

This paper analyzes valuation dynamics of ‘Unicorn' companies, that is, privately held and venture capital-backed companies with a valuation of at least $1 billion. In recent years, Unicorns have received substantial investments from U.S. mutual funds, whose public reporting allows for rare...