Board Connections and M&a Transactions

  title={Board Connections and M&a Transactions},
  author={Paolo Fulghieri and Merih Sevilir and Anil Shivdasani and Ed Van Wesep and Atul Nerkar},
  • Paolo Fulghieri, Merih Sevilir, +2 authors Atul Nerkar
  • Published 2010
Atul Nerkar ii ©2010 Ye Cai ALL RIGHTS RESERVED iii ABSTRACT YE CAI: Board Connections and M&A Transactions (Under the direction of Merih Sevilir and Anil Shivdasani) We examine M&A transactions between firms with current board connections and show that acquirers obtain significantly higher announcement returns in such transactions. Acquirer announcement returns in transactions with a first-degree board connection where the acquirer and the target share a common director are 2.46% greater than… CONTINUE READING
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