Our review of acquisition research from the 2008 to 2018 period shows that a large and
quickly growing portion of this work has focused on the behavioral aspects of acquisitions …

This paper provides an overview of the academic literature on the market for corporate
control, and focuses specifically on firms' performance around and after a takeover. Despite …

Purpose It has been over 20 years since the landmark publication of Mizruchi (1996) and his
examination of “what do interlocks do?”. Since then, the nature of interlocks and subsequent …

This paper examines the association between the managerial ability of acquiring firms and
their long-term performance after mergers and acquisitions (M&As). Based on M&A data for …

This study examines the effect of academic independent directors (AIDs) on firm-specific
stock price crash risk. AIDs reduce future crash risk by improving the quality of financial …

This paper examines how the target's customer concentration affects merger performance.
We find that the acquirer purchasing a customer-concentrated firm experiences significantly …

The study investigates the impact of the CEO/board medical background on stock return
reactions to COVID-19. CEOs/boards having a medical background possess a knowledge …

We find that the acquirer's (1) abnormal returns at merger and acquisition (M&A)
announcements and (2) long-term abnormal returns after acquisitions increase with target …

We show that firms take more (but not necessarily excessive) risks when one of their
directors experiences a corporate bankruptcy at another firm where they concurrently serve …

This study examines the impact of board directors with foreign experience (BDFEs) on stock
price crash risk. We find that BDFEs help reduce crash risk. This association is robust to a …