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This Paper examines the impact of mergers and acquisitions on the remuneration of the CEOs in a large unbalanced panel of UK firms, over the period 1981-96. We find significant and substantial executive pay increases in excess of those generated by the growth in firm size consequent upon the...
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.K. manufacturing. It finds that the rate of productivity change following a foreign take-over is higher the higher the pre …-acquisition productivity level of the acquired firm, indicating the importance of absorptive capacity. However, beyond some critical level of … initial productivity, the rate of technology transfer due to foreign acquisition starts to decline. It seems that U …
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