Benson, Bradley W.; Davidson, Wallace N.; Davidson, … - In: The Quarterly Review of Economics and Finance 55 (2015) C, pp. 1-19
We examine the effects of busy directors on merger premiums and conclude that busy directors are not uniformly detrimental. We provide evidence that busy CEOs of acquirer firms are associated with lower premiums suggesting they do not shirk their responsibilities. Busy CEOs of target firms...