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Do Appraisal Challenges Benefit Target Shareholders through Narrowing Arbitrage Spread? A Reply
(Journal of Law & Economics, 2020)
The emergence of appraisal arbitrage as an investment strategy has focused attention on the role of judicial appraisal in mergers and acquisitions deals. Our study-Boone, Broughman, and Macias (2019)-contributes to this ...
Do Founders Control Start-up Firms that Go Public?
(Harvard Business Law Review, 2020)
Black & Gilson (1998) argue that an IPO-welcoming stock market stimulates venture deals by enabling VCs to give founders a valuable "call option on control." We study 18,000 startups to investigate the value of this option. ...
Do Founders Control Start-up Firms that Go Public?
(Harvard Business Law Review, 2020)
Black & Gilson (1998) argue that an IPO-welcoming stock market stimulates venture deals by enabling VCs to give founders a valuable "call option on control." We study 18,000 startups to investigate the value of this option. ...