Sunlight is the Best Disinfectant: Real-Time Comment Letters and Large M&As in China
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DOI: 10.2308/jiar-2021-064
Abstract: This paper investigates how communications between regulators and firms through comment letters affect the outcomes of large mergers and acquisitions (M&As) in China. Unlike the U.S. Securities and Exchange Commission (SEC), which uses comment letters… read more here.
Keywords: comment letters; time comment; controlling shareholders; real time ... See more keywords