Dutta, Shantanu; MacAulay, Kenneth; Saadi, Samir - In: Journal of Multinational Financial Management 21 (2011) 5, pp. 257-278
In this study we examine the relationship between CEO power, corresponding acquisition activities and market reactions to mergers and acquisitions (M&A) announcements with a Canadian M&A dataset (1997–2005). We use CEO excess pay as a proxy for CEO power. Our empirical results show that the...
