The Relationship Between Target and Its Financial Advisor in Mergers and Acquisitions -- Are There Still Benefits to Gain?
We aim to measure the effect of relationship building between target-firm and financial advisor in the Mergers and Acquisitions industry. We also aim to investigate what affects the target-firm’s decision to stay loyal or switch financial advisor. Our main findings show that relationship building does not have a significant effect on the advisor fee and speed of transaction. Instead of earlier c
