Empirical analysis reveals that investment-banker advisory fees in tender offers average
1.29% of the value of a completed transaction, far below the levels often alluded to in the …

The role of fee contracts in the agency relation between investment bankers and client firms
in tender offers is investigated using a sample of offers between 1978 and 1986. Different …

We document that regulation significantly constrains takeover activity. Of the twenty-one
hostile offers for utilities between 1960 and 1990, only one was successful. In spite of this low …

The determinants of equity duration, or interest rate sensitivity, have proven difficult to
identify in empirical studies. It is argued that because growth opportunities exhibit option-like …

I measure the potential economic importance of fee‐contract incentives and investment
banker reputation as factors that can mitigate conflicts of interest between investment bankers …

… This study illustrates that chemical analysis alone (McLaughlin et al., 2020) is insufficient for
characterizing the risk of produced water NPDES releases and that a thorough evaluation of …

A company's investment opportunities are analogous to options, and options react differently
to interest rate changes than other types of assets. We examine growth option sensitivity to …

Tertiary education policies in New Zealand have undergone review and change almost
continually since the late 1980s. On average, a major review of tertiary education has occurred …

Background & Aims GLIMMER assessed dose-response, efficacy, and safety of linerixibat,
an ileal bile acid transporter inhibitor in development for cholestatic pruritus associated with …

purpose. Glucocorticoid-induced ocular hypertension (the steroid response) may result in
optic nerve damage that very closely mimics the pathologic course of primary open angle …