This article, to date, is the first to consolidate, review, and integrate over 250 earlier studies
that examine the country-specific determinants of cross-border mergers and acquisitions …

In this article, I review the theoretical and empirical literature on the effects of public and
private equity markets on firm behavior, emphasizing the consequences that emerge from …

The number of US publicly traded firms has halved in 20 years. How will this shift in
ownership structure affect the economy's externalities? Using comprehensive data on …

In this paper, we examine the relation between innovation and a firm's financial dependence
using a sample of privately held and publicly traded US firms. We find that public firms in …

Using a large and unique patent‐merger data set over the period 1984 to 2006, we show
that companies with large patent portfolios and low R&D expenses are acquirers, while …

We investigate whether short-termism distorts the investment decisions of stock market-listed
firms. To do so, we compare the investment behavior of observably similar public and private …

We provide one of the first large sample comparisons of cash policies in public and private
US firms. We first show that despite higher financing frictions, private firms hold, on average …

We take the perspective that considering the affective motives of dominant owners is
essential to understanding business exit. Drawing on a refinement of behavioral agency …

We provide a model and empirical tests showing how an active acquisition market affects
firm incentives to innovate and conduct R&D. Our model shows that small firms optimally …

This paper studies the long-term effect of hedge fund activism on firm productivity using plant-
level information from the US Census Bureau. A typical target firm improves production …