This paper reviews the vast academic literature on the market for corporate control. Our main
focus is the cyclical wave pattern that this market exhibits. We address the following …

This study attempts to identify the main factors influencing dividend policy in MENA
emerging markets during the period between 2004 and 2013. Using panel data analysis, the …

Institutional logics, the underlying governing principles of societal sectors, strongly influence
organizational decision making. Any shift in institutional logics results in a similar shift in …

We study industry-level patterns in takeover and restructuring activity during the 1982–1989
period. Across 51 industries, we find significant differences in both the rate and time-series …

Acquisitions often occur in waves within industries. We extend the theoretical understanding
of such waves by drawing upon research on early mover advantage and bandwagon effects …

Recent studies of corporate restructuring have arrived at conclusions that are contradictory
when applied to conglomerates. Studies, often based only on manufacturing firms, argue for …

This paper offers a direct econometric test of the proposition that US merger activity has
occurred in waves. We fit a set of sine waves to the annual time series data on mergers and …

Over the last 100 years, the United States has experienced four waves of corporate merger
activity. The first occurred at the turn of the century, then again in the 1920s, the 1960s, and …

This paper develops and tests a theory of the historical contingency of the risk of acquisition
using data from the higher education publishing market from 1958–1990. Interviews and …

One of the most conspicuous features of mergers is that they come in waves that are
correlated with increases in share prices and price/earnings ratios. We use a natural way to …