This paper explores the impact of target CEOs' retirement preferences on takeovers. Using retirement age as proxy for … announcement returns are similar for retirement-age and younger CEOs, implying that retirement-age CEOs increase firm sales without … smaller increase in deals at retirement age …

known that defined benefit pension schemes, which are not actuarially fair, can create incentives for early retirement and … predict the age-specific retirement probabilities induced by a particular pension system, given heterogeneous individual …