Pan, Ailing; Wu, Qian; Li, Jingwei - In: Nankai Business Review International 13 (2021) 1, pp. 79-99
Purpose: This paper aims to study the impact of external fairness of executive compensation on M&A premium, and examine the moderate role of institutional investors. The high M&A premium is the main factors that induce the huge impairment of listed companies’ goodwill and the plummeting...