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Persistent link: https://www.econbiz.de/10009504747
in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …, reinforcing the conclusion that retirement-age CEOs are more willing to accept takeover offers. These results suggest that the …This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes …
Persistent link: https://www.econbiz.de/10009412377
in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …, reinforcing the conclusion that retirement-age CEOs are more willing to accept takeover offers. These results suggest that the …This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes …
Persistent link: https://www.econbiz.de/10013117262
in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …, reinforcing the conclusion that retirement-age CEOs are more willing to accept takeover offers. These results suggest that the …This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes …
Persistent link: https://www.econbiz.de/10013117399
This paper explores the impact of target CEOs' retirement preferences on takeovers. Using retirement age as proxy for … receiving a successful takeover bid is sharply higher when target CEOs are close to age 65. Takeover premiums and target … announcement returns are similar for retirement-age and younger CEOs, implying that retirement-age CEOs increase firm sales without …
Persistent link: https://www.econbiz.de/10013067043
in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …, reinforcing the conclusion that retirement-age CEOs are more willing to accept takeover offers. These results suggest that the …This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes …
Persistent link: https://www.econbiz.de/10012460994
Persistent link: https://www.econbiz.de/10011381443
Persistent link: https://www.econbiz.de/10013469713
This study examines the interaction of conflicting preferences among directors, performance pay, and group effort. I model a corporate board in which directors voluntarily choose to research (or not research) an investment decision made by the board on behalf of the firm. Free-riding among...
Persistent link: https://www.econbiz.de/10014501069
in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …, reinforcing the conclusion that retirement-age CEOs are more willing to accept takeover offers. These results suggest that the …This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes …
Persistent link: https://www.econbiz.de/10010280635