Industry expertise, information leakage and the choice of M&A advisors

• المؤلفون الرئيسيون: Chang, Xin, Shekhar, Chander, Tam, Lewis H. K., Yao, Jiaquan
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2016
• الموضوعات: G24; advisory fees; advisory services; industry expertise; L11; investment banking; G34; mergers and acquisitions
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/80197; http://hdl.handle.net/10220/40457

This paper examines the impacts of M&A advisors’ industry expertise on firms’ choice of advisors in mergers and acquisitions. We show that an investment bank's expertise in merger parties’ industries increases its likelihood of being chosen as an advisor, especially when the acquisition is...