The Role of Boutique Advisers in Fairness Opinions
Journal of Accounting, Auditing & Finance
Published online on July 31, 2026
Abstract
Journal of Accounting, Auditing & Finance, Ahead of Print.
In this study, we investigate the role of boutique advisers in the provision of fairness opinions (FOs) in M&A transactions. Using a hand-collected sample of US M&A transactions between 2005 and 2016 and an instrumental variable approach to address ...
In this study, we investigate the role of boutique advisers in the provision of fairness opinions (FOs) in M&A transactions. Using a hand-collected sample of US M&A transactions between 2005 and 2016 and an instrumental variable approach to address ...