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Relative mispricing and takeover likelihood
Li, Keming - In: Quantitative finance and economics 5 (2021) 4, pp. 689-715
Persistent link: https://www.econbiz.de/10013494091
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The motivation and consequences of Golden Parachute provisions : a case study of TBEA Co., Ltd.
Huo, Zheng; Zhang, Junsheng; Huang, Mingming - In: China journal of accounting studies 9 (2020) 1, pp. 54-80
for TBEA, whose ownership is dispersed, anti-takeover was the main motivation for the adoption of GPs, and that managerial …
Persistent link: https://www.econbiz.de/10012799020
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Do takeover threats stifle or promote managerial efforts to innovate? : evidence from takeover vulnerability, and text-based measure of innovation
Denlertchaikul, Nattarinee; Pattanaporn Chatjuthamard; … - In: Administrative Sciences : open access journal 12 (2022) 3, pp. 1-17
high takeover threat. This study examines the effects of hostile takeover threats on managerial efforts to innovate. Our … results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest … that managers tend to be more myopic when firms are exposed to hostile takeover threats. Managers will put less effort into …
Persistent link: https://www.econbiz.de/10013396009
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Non-executive directorship importance and takeover hostility : Australian evidence
Day, Chistopher; Bugeja, Martin; Spiropoulos, Helen; … - In: Accounting and finance 63 (2023) 1, pp. 769-793
Persistent link: https://www.econbiz.de/10014301591
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Investor activism and takeovers
Greenwood, Robin (contributor); Schor, Michael (contributor) - 2007
Persistent link: https://www.econbiz.de/10003709707
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The executive turnover risk premium
Peters, Florian; Wagner, Alexander F. - 2009
We establish that CEOs of companies experiencing volatile industry conditions are more likely to be dismissed. At the same time, industry risk is, accounting for various other factors, unlikely to be associated with CEO compensation other than through dismissal risk. Using this identification...
Persistent link: https://www.econbiz.de/10003961496
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Does CEO fitness matter?
Limbach, Peter; Sonnenburg, Florian - 2015 - This draft: November 2015
This study provides evidence suggesting that CEOs’ physical fitness has a positive impact on firm value, consistent with the beneficial effects of fitness on, e.g., cognitive functions, stress coping and job performance. For each of the years 2001 to 2011, we define S&P 1500 CEOs as fit if...
Persistent link: https://www.econbiz.de/10011392655
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CEO fitness and firm value
Limbach, Peter; Sonnenburg, Florian - 2015 - First Draft: September 2014, This Draft: May 2015
We provide evidence for a positive impact of CEO fitness on firm value (Tobin's Q). For each of the years 2001 to 2011, we define S&P 1500 CEOs as fit if they finish a marathon. Fit CEOs are associated with higher firm profitability and M&A announcement returns. Effects on firm value are...
Persistent link: https://www.econbiz.de/10010517150
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Shareholder voting and merger returns
Henning, Laura Sophie - 2015 - This version: July 2015
Persistent link: https://www.econbiz.de/10011342100
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All good things come to an end : CEO tenure and firm value
Limbach, Peter; Schmid, Markus M.; Scholz, Meik - 2015 - This draft: July 3, 2015
Our study is the first to provide systematic evidence of a hump-shaped CEO tenure-firm value relation. This pattern is supported by announcement returns to sudden CEO deaths, which mitigate endogeneity concerns. Cross-sectionally, firm value starts to decline after fewer years of CEO tenure in...
Persistent link: https://www.econbiz.de/10011344281