First Essay:
Ahern, K. R., Harford, J., 2014. The importance of industry links in merger waves. Journal of Finance, 69, 527-576.
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Alimov, A., 2014. Product market competition and the value of corporate cash: Evidence from trade liberalization. Journal of Corporate Finance, 25, 122-139.
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Amihud, Y., Lev, B., 1981. Risk reduction as a managerial motive for conglomerate mergers. Bell Journal of Economics, 605-617.
Asquith, P., Kim, E., 1982. The impact of merger bids on the participating firms' security holders. Journal of Finance, 37, 1209-1228.
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Coase, R. H., 1937. The nature of the firm. Economica, 4, 386-405.
Cornaggia, J., Mao, Y., Tian, X., Wolfe, B., 2015. Does banking competition affect innovation?. Journal of Financial Economics, 115, 189-209.
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Eckbo, B. E., Thorburn, K. S., 2000. Gains to bidder firms revisited: Domestic and foreign acquisitions in Canada. Journal of Financial and Quantitative Analysis, 35, 1-25.
Fan, J. P., Goyal, V. K., 2006. On the Patterns and Wealth Effects of Vertical Mergers. Journal of Business, 79, 877-902.
Fee, C. E., Hadlock, C. J., 2000. Management Turnover and Product Market Competition: Empirical Evidence from the US Newspaper Industry. Journal of Business, 73, 205-243.
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Felli, L., Roberts, K., 2016. Does Competition Solve the Hold‐up Problem? Economica, 83, 172-200.
Ferris, S. P., Jayaraman, N., Sabherwal, S., 2013. CEO overconfidence and international merger and acquisition activity. Journal of Financial and Quantitative Analysis, 48, 137-164.
Flammer, C., 2015. Does product market competition foster corporate social responsibility? Evidence from trade liberalization. Strategic Management Journal, 36, 1469-1485.
Fuller, K., Netter, J., & Stegemoller, M., 2002. What do returns to acquiring firms tell us? Evidence from firms that make many acquisitions. The Journal of Finance, 57(4), 1763-1793.
Giroud, X., Mueller, H. M., 2011. Corporate governance, product market competition, and equity prices. Journal of Finance, 66, 563-600.
Guadalupe, M., Pérez-González, F., 2010. Competition and private benefits of control. In AFA 2007 Chicago Meetings Paper.
Harford, J., 1999. Corporate cash reserves and acquisitions. The Journal of Finance, 54, 1969-1997.
Harford, J., 2005. What drives merger waves? Journal of Financial Economics, 77, 529-560.
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Hart, O., Moore, J., 1990. Property Rights and the Nature of the Firm. Journal of Political Economy, 1119-1158.
Hertzel, M., Lemmon, M., Linck, J. S., Rees, L., 2002. Long‐run performance following private placements of equity. Journal of Finance, 57, 2595-2617.
Healy, P. M., Palepu, K. G., Ruback, R. S., 1992. Does corporate performance improve after mergers? Journal of Financial Economics, 31, 135-175.
Hoberg, G., Phillips, G., 2010. Product market synergies and competition in mergers and acquisitions: A text-based analysis. Review of Financial Studies, 23, 3773-3811.
Hou, K., Robinson, D. T., 2006. Industry concentration and average stock returns. Journal of Finance, 61, 1927-1956.
Jensen, M. C., 1993. The modern industrial revolution, exit, and the failure of internal control systems. Journal of Finance, 48, 831-880.
Jensen, M. C., Ruback, R. S., 1983. The market for corporate control: The scientific evidence. Journal of Financial Economics, 11, 5-50.
Jensen, M. C., 1986. Agency cost of free cash flow, corporate finance, and takeovers. Corporate Finance, and Takeovers. American Economic Review, 76.
Karuna, C., 2007. Industry product market competition and managerial incentives. Journal of Accounting and Economics, 43, 275-297.
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MacKay, P., Phillips, G. M., 2005. How does industry affect firm financial structure? Review of Financial Studies, 18, 1433-1466.
Malmendier, M., Tate, G., 2008. Who makes acquisitions? CEO overconfidence and the market’s reaction. Journal of Financial Economics, 89, 20-43.
Maloney, M. T., McCormick, R. E., & Mitchell, M. L., 1993. Managerial decision making and capital structure. Journal of Business, 189-217.
Masulis, R. W., Wang, C., Xie, F., 2007. Corporate governance and acquirer returns. Journal of Finance, 62, 1851-1889.
Matsusaka, J. G., 1993. Takeover motives during the conglomerate merger wave. RAND Journal of Economics, 357-379.
Mitchell, M. L., Lehn, K., 1990. Do bad bidders become good targets? Journal of Political Economy, 372-398.
Mitchell, M. L., Mulherin, J. H., 1996. The impact of industry shocks on takeover and restructuring activity. Journal of Financial Economics, 41, 193-229.
Moeller, S. B., Schlingemann, F. P., Stulz, R. M., 2004. Firm size and the gains from acquisitions. Journal of Financial Economics, 73, 201-228.
Mulherin, J. H., Boone, A. L., 2000. Comparing acquisitions and divestitures. Journal of Corporate Finance, 6, 117-139.
Nickell, S. J., 1996. Competition and corporate performance. Journal of Political Economy, 724-746.
Porter, M. E., 1980. Industry structure and competitive strategy: Keys to profitability. Financial Analysts Journal, 36, 30-41.
Rhodes‐Kropf, M., Robinson, D. T., 2008. The market for mergers and the boundaries of the firm. Journal of Finance, 63, 1169-1211.
Roberts, M. R., Whited, T. M., 2012. Endogeneity in empirical corporate finance.
Roll, R., 1986. The hubris hypothesis of corporate takeovers. Journal of Business, 197-216.
Scharfstein, D., 1988. Product-market competition and managerial slack. RAND Journal of Economics, 147-155.
Schmidt, K. M., 1997. Managerial incentives and product market competition. Review of Economic Studies, 64, 191-213.
Schott, P., 2010. US manufacturing exports and imports by SIC or NAICS category and partner country, 1972 to 2005.
Servaes, H., 1991. Tobin's Q and the Gains from Takeovers. The Journal of Finance, 46, 409-419.
Sheen, A., 2014. The real product market impact of mergers. Journal of Finance, 69, 2651-2688.
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Wickelgren, A. L., 2004. Innovation, market structure and the holdup problem: investment incentives and coordination. International Journal of Industrial Organization, 22, 693-713.
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Second Essay:
Adjei, F., Cyree, K. B., Walker, M. M., 2008. The determinants and survival of reverse mergers vs IPOs. Journal of Economics and Finance 32, 176-194.
Arellano Ostoa, A., Brusco, S., 2002. Understanding reverse mergers: a first approach.
Autore, Don M., Bray, D. E., Peterson, D. R., 2009. Intended use of proceeds and the long-run performance of seasoned equity issuers. Journal of Corporate Finance 15, 358-367.
Aydogdu, M., Shekhar, C., Torbey, V., 2007. Shell companies as IPO alternatives: an analysis of trading activity around reverse mergers. Applied Financial Economics 17, 1335-1347.
Barber, B. M., Lyon, J. D., 1996. Detecting abnormal operating performance: The empirical power and specification of test statistics. Journal of Financial Economics 41, 359-399.Blakely, R. J., Cox, A., 1972. Evidence for short geomagnetic polarity intervals in the early Cenozoic. Journal of Geophysical Research 77, 7065-7072.
Carhart, M. M., 1997. On persistence in mutual fund performance. Journal of Finance 52, 57-82.
Carpentier, C., Suret, J. M., 2011. The survival and success of Canadian penny stock IPOs. Small Business Economics 36, 101-121.
Chaplinsky, S., Haushalter, D., 2010. Financing under Extreme Risk: Contract Terms and Returns to Private Investments in Public Equity. Review of Financial Studies 23, 833-888.
Chen, Y., Soileau, J. S., 2014. Does pedigree matter? Earnings quality of US listed domestic firms via reverse mergers. Journal of Accounting and Public Policy 33, 573-595.
Dushnitsky, G., M. Lenox., 2005. When do incumbents learn from entrepreneurial ventures? Research Policy 34: 615-39.
Fama, E., French, K., 1993. Common risk factors in the returns on stocks and bonds. Journal of Financial Economics 33, 3-56.
Fama, E., French, K., 1997. Industry costs of equity. Journal of Financial Economics 43, 153-193.
Feldman, D.N., Dresner, S., 2006. Reverse Mergers: Taking a Company Public without an IPO. Bloomberg Press, New York.
Floros, I. V., Sapp, T. R., 2011. Shell games: On the value of shell companies. Journal of Corporate Finance, 17, 850-867.
Floros, L., Shastri, K. 2010. A comparison of initial public offerings and reverse mergers as alternative mechanisms to going public. Iowa State University Working Paper.
Fu, F. 2010. Overinvestment and the operating performance of SEO firms. Financial Management 39, 249-272.
Gleason, K. C., Rosenthal, L., Wiggins, R. A., 2005. Backing into being public: an exploratory analysis of reverse takeovers. Journal of Corporate Finance 12, 54-79.
Hertzel, M. G., Li, Z., 2010. Behavioral and rational explanations of stock price performance around SEOs: Evidence from a decomposition of market-to-book ratios, Journal of Financial and Quantitative Analysis 45, 935-958
Kim, W., Weisbach, M. S., 2008. Motivations for public equity offers: An international perspective. Journal of Financial Economics 87, 281-307.
Krishnamurthy, S., Spindt, P., Subramaniam, V., Woidtke, T. 2005. Does investor identity matter in equity issues? Evidence from private placements. Journal of Financial Intermediation 14, 210-238.
Li, E. X. N., D. Livdan, Zhang, 2009. Anomalies. Review of Financial Studies 22, 4301-4334.
Lyandres, E., Sun, L., Zhang, L., 2008. The new issues puzzle: Testing the investment-based explanation. Review of Financial Studies 21, 2825-2855.
MacFadyen, K., 2011 “Reverse mergers under scrutiny” Merger & Acquisitions Reporter, June, V.24
Makamson, E. L., 2010. The reverse takeover: implications for strategy. Academy of Strategic Management Journal 9, 111.
McLean, D. R., 2011. Share issuance and cash savings. Journal of Financial Economics, 99, 693-715.
Semenenko, I., 2011. Reverse merger waves, market timing and managerial behavior. International Research Journal of Applied Finance 2, 1453-1481.
Shiu, C. Y., Wei, H. S. 2013. Do private placements turn around firms? Evidence from Taiwan. Financial Management, 42, 875-899.
Spiess, D. K., Affleck-Graves, J., 1995. Underperformance in long-run stock returns following seasoned equity offerings. Journal of Financial Economics 38, 243-267.
Walker, M. D., Yost, K., 2008. Seasoned equity offerings: What firms say, do, and how the market reacts. Journal of Corporate Finance 14, 376-386.
Wruck, K. H., Wu, Y. 2009. Relationships, corporate governance, and performance: Evidence from private placements of common stock. Journal of Corporate Finance 15, 30-47.