Dual Role Advisors in Acquisitions: Examining the Effect on Shareholder Value
This study examines the effect of dual role advisors in acquisitions on shareholder value creation for both the acquirer and target. Dual role advisors are advisors that provide both advisory services to either the acquirer or target and are involved in underwriting or syndicating securities issued to finance the deal. Previous studies find that being a dual role advisor can create a conflict of i
