Sharma, Vaibhav; Hsieh, Chialing - In: The Quarterly Review of Economics and Finance 51 (2011) 2, pp. 152-161
We examine managerial decision horizons for target and acquirer firms in stock financed mergers and acquisitions. We find that acquirer CEOs have longer decision horizons than target firm CEOs in stock financed mergers. Acquirer CEOs in cash financed mergers and acquisitions also have longer...