Mergers and acquisitions

    Papers & Opinions

    Corporate finance | Empirics | Political institutions

    Democracy as a Fundamental Determinant of Cross-Border Merger Activity

    Paper

    Posted on 5 September 2022

    By Thomas Lambert

    Does democracy shape international merger activity? If so, how? The short answer is yes because democratic institutions are conducive to higher-quality corporate governance. In a new paper, we examine 104,425...
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    Corporate finance | Empirics

    Political Attitudes, Partisanship, and Merger Activity

    Paper

    Posted on 2 September 2021

    By Ran Duchin

    We demonstrate that similarity in employees’ political attitudes plays an important role in mergers and acquisitions. Using detailed data on employees’ campaign contributions to Democrats and Republicans, we find that...
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