Since 2000, online platforms that are now within the scope of the European Union's Digital Markets Act (DMA), have bought nearly 700 small, promising companies worldwide. However, only 19 of their attempted acquisitions were notified to the European Commission, the authority exercising merger...

We show better-managed firms are more dynamic in plant acquisitions, disposals, openings, and closings in U.S. Census and international data. Better-managed firms also birth better-managed plants and improve the performance of the plants they acquire. To explain these findings, we build a model...

This paper analyzes the characteristics of cross-border M&A in the EU and discusses their relationship with innovation performance. The average EU target firm that is acquired in international M&A is larger and more innovative than the average domestic target firm. Postacquisition, there is a...

This study investigates the impact of a company's shareholder structure, particularly hedge fund ownership, on its likelihood to become target of a takeover offer. Additionally, it explores the consequences of such an offer within the context of the German takeover market. In line with prior...

This research explores the impact of ownership structure on the financial performance of Leveraged Buyout (LBO) transactions in the MENA region, a key emerging market region. Drawing on agency theory by Jensen & Meckling and the capital structure theory of Modigliani and Miller, the study...

This paper investigates the existence and moderating mechanisms of the peer effect in mergers and acquisitions for green innovation (GIM&As). Using Chinese GIM&A data from 2010 to 2023, we find that there is peer effect in GIM&As. In other words, a firm's GIM&A decisions will be affected by its...

Going private transactions have become an area of increasing interest for regulators and policymakers. Disclosures in these transactions are subject to special Securities and Exchange Commission (SEC) rules that require management to provide detailed information to all shareholders before a...

This paper examines the impact of upstream merger and acquisition (M&A) activities driven by supply chain integration motives on firm energy performance. By developing a microlevel theoretical framework, we examine the intricate relationship between firms' upstream M&A strategies geared toward...

Purpose: The acquirer's corporate environmental performance (CEP) in mergers and acquisitions has been a subject of debate, yielding mixed results. This paper uses the US firm-level data of 1437 M&A deals from 2002-2019 to examine the impact of overall CEP, resource use, emissions, and...

A large literature considers the interplay between mergers and acquisitions (M&A) by multinationals and innovation, typically measured as patents. One theme that emerges is that technological similarity plays a role in which M&As occur. The challenge then becomes how to measure technological...