Financial Advisors and Shareholder Wealth Gains in Corporate Takeovers

By Jayant R. Kale, Omesh Kini, Harley E. Ryan. Journal of Financial and Quantitative Analysis, 2003

226 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/8c0ac9dab49e43bc346c4cc564bd7c907ecabece

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. J. Mulherin
2. Audra L. Boone
3. Nihat Aktas
4. M. Brauer
5. Eric de Bodt
6. Richard Roll
7. Ye Cai
8. Merih Sevilir

In Finance

1. J. Mulherin
2. Audra L. Boone

Citations in the corpus

• Do Auctions Induce a Winner's Curse? New Evidence from the Corporate Takeover Market (2008, background): “By contrast, Kale, Kini, and Ryan (2003) argue that investment banks with a high reputation have the incentive to mitigate the winner’s curse.”
• Are Fairness Opinions Fair? The Case of Mergers and Acquisitions (2008, unknown): “Previous literature has investigated the advisory role played by investment banks in MA Servaes and Zenner, 1996; Rau, 2000; Kale, Kini, and Ryan, 2003; Allen, Jagtiani, Peristiani, and Saunders, 2004).”
• Common Auditors in M&A Transactions (2016, unknown): “In particular, following Bradley et al. (1988), Kale et al. (2003) and Cai and Sevilir (2012), we measure portfolio cumulative abnormal returns of the combined portfolio of the acquirer and the target around the acquisition announcement, ANN_CAR.”