Despite the long-standing research interest in the pre-deal phase of mergers and
acquisitions, many important questions remain unanswered. We review and synthesize the …

The importance of board committees–specialized subgroups that exist to perform many of
the board's most critical functions, such as setting executive compensation, identifying …

Chief executive officer (CEO) narcissism affects the takeover process. Acquirer shareholders
react less favorably to a takeover announcement when the target CEO is more narcissistic …

This paper explores the impact of target CEOs' retirement preferences on takeovers. Using
retirement age as a proxy for CEOs' private merger costs, we find strong evidence that target …

We establish that the root cause of many goodwill write-offs is the buyers' overpriced shares
at acquisition. Overpriced shares provide managers with strong incentives to exploit the …

In recent years, an increasing number of Chinese firms have been engaged in acquisitions
both inside and outside of China. Nevertheless, our understanding of Chinese merger and …

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 …

We investigate the effects of target initiation in M&As. We find target-initiated deals are
common and that important motives for these deals are target economic weakness, financial …

Using combinations of weekdays and times of day (before, during, and after trading hours) of
earnings announcements, we examine whether managers attempt to strategically time these …

I review recent takeover research that advances our understanding of “who buys who” in the
drive for productive efficiency. This research provides detailed information on text-based …