Henri Servaes

London Business School

Professor of Finance

Sussex Place

Regent's Park

London NW1 4SA

United Kingdom

http://faculty.london.edu/hservaes/

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • London Business School

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    • Tel: +44 20 7000 8268
    • Fax: +44 20 7000 8201
SCHOLARLY PAPERS

31

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1,742

CROSSREF CITATIONS

397

Scholarly Papers (31)

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1.

The Cost of Diversity: The Diversification Discount and Inefficient Investment

Downloads 6,782 ( 1,800)
Citation 120

The Cost of Diversity: The Diversification Discount and Inefficient Investment

CRSP Working Paper No. 463
Number of pages: 79 Posted: 05 Feb 1998
Raghuram G. Rajan, Henri Servaes and Luigi Zingales
University of Chicago - Booth School of Business, London Business School and University of Chicago - Booth School of Business
Downloads 6,620 (1,868)
Citation 126

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The Cost of Diversity: The Diversification Discount and Inefficient Investment

NBER Working Paper No. w6368
Number of pages: 53 Posted: 25 May 2006 Last Revised: 29 Nov 2022
Raghuram G. Rajan, Henri Servaes and Luigi Zingales
University of Chicago - Booth School of Business, London Business School and University of Chicago - Booth School of Business
Downloads 162 (303,170)

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The Cost of Diversity: The Diversification Discount and Inefficient Investment

Journal of Finance, Vol. 55, No. 1, February 2000
Posted: 11 Apr 2000
Raghuram G. Rajan, Henri Servaes and Luigi Zingales
University of Chicago - Booth School of Business, London Business School and University of Chicago - Booth School of Business

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2.

The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness

Management Science, Forthcoming
Number of pages: 34 Posted: 24 Jul 2012
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 3,802 (4,829)
Citation 219

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Corporate social responsibiliy, firm value, customer awareness, reputation

3.

Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis

Downloads 3,774 ( 4,895)
Citation 429

Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis

Journal of Finance, Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 446/2015
Number of pages: 52 Posted: 28 Jan 2015 Last Revised: 17 Oct 2016
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 3,771 (4,808)
Citation 442

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trust, social capital, corporate social responsibility, financial crisis, stock returns

Social Capital, Trust, and Firm Performance During the Financial Crisis

CEPR Discussion Paper No. DP10399
Number of pages: 49 Posted: 10 Feb 2015
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 3 (1,048,780)
Citation 5
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corporate social responsibility, financial crisis, social capital, trust

4.

Mutual Funds Fees Around the World

HBS Finance Working Paper No. 901023
Number of pages: 45 Posted: 08 May 2006
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and Harvard Business School
Downloads 3,277 (6,234)
Citation 15

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5.

Conflicts of Interest and Competition in the Mutual Fund Industry

Number of pages: 44 Posted: 04 Oct 2000
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School
Downloads 2,152 (12,121)
Citation 18

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6.

Sexism, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #MeToo Movement

Downloads 1,851 (15,387)
Citation 6

Sexism, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #MeToo Movement

University of Alberta School of Business Research Paper No. 2019-509
Number of pages: 63 Posted: 02 Oct 2019 Last Revised: 30 Jan 2023
Karl V. Lins, Lukas Roth, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis, London Business School and London School of Economics & Political Science (LSE)
Downloads 1,848 (15,174)
Citation 5

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Culture, Sexism, Gender Equality, #MeToo, Valuation, Returns, Investor Preferences, Institutional Ownership, ESG

Gender, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #Metoo Movement

CEPR Discussion Paper No. DP14703
Number of pages: 44 Posted: 08 May 2020
Karl V. Lins, Lukas Roth, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis, London Business School and London School of Economics & Political Science (LSE)
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Citation 4
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7.

Explaining the Size of the Mutual Fund Industry Around the World

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Explaining the Size of the Mutual Fund Industry Around the World

Number of pages: 50 Posted: 06 May 2003
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and Harvard Business School
Downloads 1,683 (17,550)
Citation 43

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Explaining the Size of the Mutual Fund Industry Around the World

Posted: 14 Sep 2004
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and Harvard Business School

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8.

Trust, Social Capital, and the Bond Market Benefits of ESG Performance

Downloads 1,578 (19,671)
Citation 20

Trust, Social Capital, and the Bond Market Benefits of ESG Performance

Review of Accounting Studies (RAST), Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 535/2017
Number of pages: 57 Posted: 20 Apr 2021 Last Revised: 09 Feb 2023
Hami Amiraslani, Karl V. Lins, Henri Servaes and Ane Tamayo
INSEAD, University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 1,577 (19,347)
Citation 18

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ESG, CSR, sustainability, social capital, trust, corporate bonds, bond spreads, agency costs of debt, financial crisis.

A Matter of Trust? The Bond Market Benefits of Corporate Social Capital During the Financial Crisis

CEPR Discussion Paper No. DP12321
Number of pages: 55 Posted: 26 Sep 2017
Hami Amiraslani, Karl V. Lins, Henri Servaes and Ane Tamayo
INSEAD, University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
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corporate bonds, cost of debt, CSR, financial crisis, social capital, Trust

9.

Portfolio Manager Ownership and Fund Performance

Downloads 1,167 (30,901)
Citation 33

Portfolio Manager Ownership and Fund Performance

ECGI - Finance Working Paper No. 148/2007
Number of pages: 45 Posted: 13 Sep 2006
Ajay Khorana, Henri Servaes and Lei Wedge
Georgia Institute of Technology - Finance Area, London Business School and University of South Florida
Downloads 1,151 (31,023)
Citation 14

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manager ownership, fund performance, mutual fund board

Portfolio Manager Ownership and Fund Performance

CEPR Discussion Paper No. 5931
Number of pages: 44 Posted: 03 Jan 2007
Ajay Khorana, Henri Servaes and Lei Wedge
Georgia Institute of Technology - Finance Area, London Business School and University of South Florida
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Citation 3
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Fund performance, portfolio manager ownership

10.

Roll-Ups: Performance and Incentives for Industry-Consolidating Ipos

AFA 2001 New Orleans
Number of pages: 47 Posted: 18 Aug 2000
Henri Servaes, Amy K. Dittmar and Keith C. Brown
London Business School, University of Michigan at Ann Arbor - The Stephen M. Ross School of Business and University of Texas at Austin - Department of Finance
Downloads 1,130 (32,364)
Citation 1

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Roll-up; Consolidation; IPO; Going-public; Merger; Long-run performance; Ownership; Governance; Board of directors; Acquisitions

11.

What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit

AFA 2008 New Orleans Meetings Paper
Number of pages: 46 Posted: 20 Mar 2007 Last Revised: 23 Nov 2008
Karl V. Lins, Henri Servaes and Peter Tufano
University of Utah - Department of Finance, London Business School and Harvard Business School
Downloads 1,091 (33,923)
Citation 84

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corporate liquidity, line of credit, cash holdings, investor protection

12.

The Role of Social Capital in Corporations: A Review

Oxford Review of Economic Policy, Forthcoming
Number of pages: 29 Posted: 17 Mar 2017
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 1,038 (36,478)
Citation 15

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Social Capital, Corporate Social Responsibility, Trust, Corporate Culture

13.

Is Corporate Diversification Beneficial in Emerging Markets?

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Is Corporate Diversification Beneficial in Emerging Markets?

Number of pages: 42 Posted: 26 Sep 2001
Karl V. Lins and Henri Servaes
University of Utah - Department of Finance and London Business School
Downloads 1,017 (36,923)
Citation 19

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Corporate diversification, agency costs, governance, emerging markets

Is Corporate Diversification Beneficial in Emerging Markets?

Financial Management, Summer 2002
Posted: 21 May 2002
Karl V. Lins and Henri Servaes
University of Utah - Department of Finance and London Business School

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14.

Corporate Liquidity

Downloads 980 (39,497)
Citation 6

Corporate Liquidity

Number of pages: 47 Posted: 30 Jul 2002
Amy K. Dittmar, Henri Servaes and Jan Mahrt-Smith
University of Michigan at Ann Arbor - The Stephen M. Ross School of Business, London Business School and University of Toronto - Rotman School of Management
Downloads 950 (40,694)
Citation 7

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Agency costs, Cash, liquidity, shareholder rights, shareholder protection, international, corporate governance

Corporate Liquidity

Number of pages: 49 Posted: 11 Oct 2002
Amy K. Dittmar, Jan Mahrt-Smith and Henri Servaes
University of Michigan at Ann Arbor - The Stephen M. Ross School of Business, University of Toronto - Rotman School of Management and London Business School
Downloads 30 (792,228)
Citation 1
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Corporate liquidity, cash holdings, shareholder rights

15.

The Bright Side of Fire Sales

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Citation 18

The Bright Side of Fire Sales

AFA 2015 Boston Meetings Paper, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 435/2014, EFA 2016 Oslo Meetings Paper, Review of Financial Studies
Number of pages: 68 Posted: 30 Jul 2014 Last Revised: 02 Apr 2020
Jean-Marie Meier and Henri Servaes
The Wharton School, University of Pennsylvania and London Business School
Downloads 917 (42,775)
Citation 21

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Fire Sales, Mergers and Acquisitions, Distress, Bankruptcy, Restructuring, Bailouts

Distressed Acquisitions

CEPR Discussion Paper No. DP10093
Number of pages: 55 Posted: 25 Sep 2014
Jean-Marie Meier and Henri Servaes
The Wharton School, University of Pennsylvania and London Business School
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bankruptcy, distress, fire sales, mergers and acquisitions, restructuring

16.

Changes in Equity Ownership and Changes in the Market Value of the Firm

Downloads 863 (47,131)
Citation 44

Changes in Equity Ownership and Changes in the Market Value of the Firm

Number of pages: 43 Posted: 20 Nov 2003
John J. McConnell, Henri Servaes and Karl V. Lins
Purdue University, London Business School and University of Utah - Department of Finance
Downloads 839 (48,307)
Citation 13

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equity ownership, corporate governance

Changes in Equity Ownership and Changes in the Market Value of the Firm

Number of pages: 42 Posted: 28 Jun 2004
John J. McConnell, Henri Servaes and Karl V. Lins
Purdue University, London Business School and University of Utah - Department of Finance
Downloads 24 (843,965)
Citation 4
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Executive stock purchases, firm value, insider ownership

17.

Credit Ratings and Acquisitions

Journal of Corporate Finance, Forthcoming
Number of pages: 54 Posted: 30 May 2018 Last Revised: 28 May 2021
Nihat Aktas, Dimitris Petmezas, Henri Servaes and Nikolaos Karampatsas
WHU - Otto Beisheim School of Management, Durham University Business School, London Business School and Centre for Financial and Corporate Integrity (CFCI) - Coventry University
Downloads 783 (53,835)
Citation 4

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credit ratings, acquisition likelihood, acquisition announcement returns, downgrades

18.

Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

Downloads 676 (65,414)
Citation 102

Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

Journal of Finance, Forthcoming
Number of pages: 63 Posted: 12 Jun 2011 Last Revised: 22 Jul 2013
Ramin Baghai, Henri Servaes and Ane Tamayo
Stockholm School of Economics, London Business School and London School of Economics & Political Science (LSE)
Downloads 669 (65,368)
Citation 55

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credit ratings, capital structure, debt issues, debt spreads

Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

CEPR Discussion Paper No. DP8446
Number of pages: 47 Posted: 25 Jun 2011
Ramin Baghai, Henri Servaes and Ane Tamayo
Stockholm School of Economics, London Business School and London School of Economics & Political Science (LSE)
Downloads 7 (1,013,885)
Citation 52
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Capital structure, Credit ratings, Debt issues, Debt spreads

19.

Does Fair Value Reporting Affect Risk Management? International Survey Evidence

Downloads 614 (73,900)
Citation 11

Does Fair Value Reporting Affect Risk Management? International Survey Evidence

Financial Management, Forthcoming
Number of pages: 51 Posted: 27 Feb 2009 Last Revised: 09 Jun 2011
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 614 (72,976)
Citation 11

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risk management, speculation, derivatives, fair values, financial reporting standards

Does Fair Value Reporting Affect Risk Management? International Survey Evidence

Financial Management, Forthcoming
Posted: 08 Jun 2011
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)

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risk management, speculation, derivatives, fair values, financial reporting standards

20.

Do Consumers Care About ESG? Evidence from Barcode-Level Sales Data

European Corporate Governance Institute – Finance Working Paper No. 926/2023
Number of pages: 49 Posted: 29 Oct 2022 Last Revised: 25 Sep 2023
Jean-Marie Meier, Henri Servaes, Jiaying Wei and Steven Chong Xiao
The Wharton School, University of Pennsylvania, London Business School, Southwestern University of Finance and Economics and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 599 (76,354)

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Retail, ESG, Corporate Social Responsibility

21.

The Determinants of Mutual Fund Starts

Downloads 574 (80,329)

The Determinants of Mutual Fund Starts

Number of pages: 42 Posted: 01 Feb 1999
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School
Downloads 574 (79,380)
Citation 10

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The Determinants of Mutual Fund Starts

Posted: 07 Feb 2000
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

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The Determinants of Mutual Fund Starts

Posted: 16 Nov 1999
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

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22.

Corporate Governance, Incentives and Industry Consolidations

Downloads 526 (88,952)
Citation 3

Corporate Governance, Incentives and Industry Consolidations

Number of pages: 40 Posted: 26 Apr 2003
Amy K. Dittmar, Keith C. Brown and Henri Servaes
University of Michigan at Ann Arbor - The Stephen M. Ross School of Business, University of Texas at Austin - Department of Finance and London Business School
Downloads 526 (88,596)
Citation 3

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industry consolidation, roll-up, governance, incentives

Corporate Governance, Incentives, and Industry Consolidations

Posted: 16 Nov 2003
Keith C. Brown, Amy K. Dittmar and Henri Servaes
University of Texas at Austin - Department of Finance, University of Michigan at Ann Arbor - The Stephen M. Ross School of Business and London Business School

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industry consolidation, roll-up, ipo, incentives, governance

23.

The Costs and Benefits of Performance Fees in Mutual Funds

Downloads 516 (91,739)
Citation 2

The Costs and Benefits of Performance Fees in Mutual Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 588/2018
Number of pages: 63 Posted: 09 Oct 2018 Last Revised: 10 Dec 2020
Henri Servaes and Kari Sigurdsson
London Business School and Schroders Investment Management
Downloads 516 (90,767)
Citation 2

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performance fees in mutual funds, fund returns, fund expenses, risk-taking incentives, fund flows

The Costs and Benefits of Performance Fees in Mutual Funds

CEPR Discussion Paper No. DP13399
Number of pages: 58 Posted: 07 Jan 2019
Henri Servaes and Kari Sigurdsson
London Business School and Schroders Investment Management
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Citation 2
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fund expenses, fund returns, performance fees in mutual funds, risk-taking incentives, value added

24.

How Do Industry Peers Respond to Control Threats?

Management Science, Forthcoming
Number of pages: 39 Posted: 23 Jun 2013
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 415 (118,831)
Citation 4

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Hostile takeover, agency costs, investment decisions, capital structure, payout policy, takeover defenses

25.

Intra-Industry Effects of Control Threats on Investment, Financing, and Financial Reporting Quality

Number of pages: 55 Posted: 13 Feb 2008 Last Revised: 17 Jul 2014
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 411 (120,167)
Citation 1

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Hostile takeover, agency costs, investment decisions, capital structure financial reporting quality

26.

What Drives Market Share in the Mutual Fund Industry

Review of Finance, Forthcoming
Posted: 01 Nov 2011
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

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mutual funds, market share, price competition, product differentiation

27.

Mutual Fund Fees Around the World

The Review of Financial Studies, Vol. 22, Issue 3, pp. 1279-1310, 2009
Posted: 17 Mar 2009
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and Harvard Business School

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G2, L11

28.

The Characteristics of Bidders

Posted: 20 Jul 1998
Henri Servaes
London Business School

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29.

Analyst Following of Initial Public Offerings

J. OF FINANCE, Vol. 50 No. 2, June 1997
Posted: 31 Mar 1997
Raghuram G. Rajan and Henri Servaes
University of Chicago - Booth School of Business and London Business School

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30.

The Value of Diversification During the Conglomerate Merger Wave

J. OF FINANCE, Vol. 51 No. 4, September 1996
Posted: 16 Sep 1996
Henri Servaes
London Business School

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31.

The Role of Investment Banks in Acquisitions

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The Role of Investment Banks in Acquisitions

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 3
Posted: 01 Jul 1996
Henri Servaes and Marc Zenner
London Business School and Citigroup, Inc. - Investment Banking Division

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The Role of Investment Banks in Acquisitions

Posted: 15 Aug 1994
Henri Servaes and Marc Zenner
London Business School and Citigroup, Inc. - Investment Banking Division

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