My dissertation is composed of three essays addressing the following three questions: First, how do mergers and acquisitions create value? Second, what role does labor union play in affecting merger outcomes? Third, how do CEOs' career concerns impact firms' restructuring decisions? In the first...

This study examines changes in CEOs׳ incentive to manage their firms׳ reported earnings during their tenure. Earnings overstatement is greater in the early years than in the later years of CEOs׳ service, and this relation is less pronounced for firms with greater external and internal...