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executive and top team forced departure rates compared to that of friendly takeovers. Furthermore, prior to takeover, hostile … the hostile takeover …
Persistent link: https://www.econbiz.de/10013004215
This paper analyzes takeover announcements for public US targets from 1987 to 2008. Consistent with the hypothesis that … gambling attitudes matter for takeover decisions, both acquiror announcement returns and expected synergies are lower in … announcement returns are higher in these deals. The effects are stronger in companies where managers are more entrenched, where the …
Persistent link: https://www.econbiz.de/10013119665
This paper analyses the impact of CEO relative compensation on takeover premiums and bidder performance. Based on a … sample of takeover deals between Australian listed targets and bidders from 2000 to 2015, we find that there is insignificant … compensation and bidders' announcement return is significantly negative, while its association with one-year post-takeover is in an …
Persistent link: https://www.econbiz.de/10012927046
This paper examines management's motives for rejecting takeover bids and the associated shareholder wealth effects. We …
Persistent link: https://www.econbiz.de/10012976118
We examine the impact of acquisitions by UK acquirers on executive pay. The overall sample shows a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form, although initial cross-border acquisitions result in higher pay. Pay increases are...
Persistent link: https://www.econbiz.de/10013103147
The presence, and proportion, of female directors is found to strongly influence the level of acquisitiveness of a company. This finding is made through a novel dataset covering significant size acquisitions made by FTSE 100 constituents between 2000 and 2011 and includes multiple controls for...
Persistent link: https://www.econbiz.de/10013091743
We study the impact of corporate networks on the takeover process. We find that better connected companies are more … active bidders. When a bidder and a target have one or more directors in common, the probability that the takeover … invited to the board of the combined firm in connected M&As. While connections have a clear impact on the takeover strategy …
Persistent link: https://www.econbiz.de/10013074605
We study the impact of corporate networks on the takeover process. We find that better connected companies are more … active bidders. When a bidder and a target have one or more directors in common, the probability that the takeover … invited to the board of the combined firm in connected M&As. While connections have a clear impact on the takeover strategy …
Persistent link: https://www.econbiz.de/10013075936
This paper empirically examines the impact of exiting the stock market on corporate innovation activities using Japanese going private type MBO data. Difference-in-differences analysis in regression framework is implemented on panel data consisting of firms that conducted public-to-private MBO...
Persistent link: https://www.econbiz.de/10013235467
of SEC filings (10-K Form) and the prognostic power of such language for takeover performance. The sample under study … long-term takeover performance, suggesting that managerial virtuous talk is, in practicality, an indication of lower post …-acquisition gains for the acquirers in the long run. Furthermore, takeover returns are found to reflect textual information on trust …
Persistent link: https://www.econbiz.de/10013243561