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Are there waves in merger activity after all?
Gärtner, Dennis (contributor); Halbheer, Daniel (contributor) - 2004 - September 2004, revised February 2006
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model. Using quarterly data covering the last thirty years, for the US, we identify the beginning of a merger wave in the mid 1990s but not the much-discussed 1980s merger wave. We argue...
Persistent link: https://www.econbiz.de/10002521615
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Foreign vs. domestic listing: an entrepreneurial decision
Ding, Yuan; Nowak, Eric; Zhang, Hua - Institut für Schweizerisches Bankwesen <Zürich> - 2007
In this paper, we use a unique hand-collected dataset to analyze stock listing as an entrepreneurial decision. By comparing mainland Chinese entrepreneurial firmslisted in Hong Kong with the same type of firms opting for a domestic listing on the Shenzhen second board market, we argue that the...
Persistent link: https://www.econbiz.de/10005857778
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What is different about government-controlled acquirers in cross-border acquisitions?
Karolyi, G. Andrew; Liao, Rose C. - 2010
We examine the motives for and consequences of 5,317 failed and completed cross-border acquisitions constituting $619 billion of total activity that were led by government-controlled acquirers over the period from 1990 to 2008. We benchmark this activity at the aggregate country level and also...
Persistent link: https://www.econbiz.de/10008702754
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European takeover law : the case for a neutral approach
Enriques, Luca - 2010
This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time … promoting the good ones. Further, contestability of control is not cost-free, because it has a negative impact on managers’ and …
Persistent link: https://www.econbiz.de/10008728815
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Monitoring managers : does it matter?
Cornelli, Francesca; Kominek, Zbigniew; Ljungqvist, … - 2010
We test under what circumstances boards discipline managers and whether such interventions improve performance. We …
Persistent link: https://www.econbiz.de/10008702077
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Executive compensation : facts
Clementi, Gian Luca; Cooley, Thomas F. - 2010 - This version: October 6, 2009
In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Notable facts are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief...
Persistent link: https://www.econbiz.de/10008732068
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Between Scylla and Charybdis : CEO political ideology, dividends and downsizing during the pandemic
Bayat, Ali; Goergen, Marc; Koutroumpis, Panagiotis; … - 2022
We study whether CEO political ideology affected how S&P 500 firms reacted to the Covid-19 pandemic, an exogenous shock to demand and supply. We hypothesize that conservative CEOs are more likely to adopt shareholder-friendly than employee-friendly reactions to the pandemic. Hence, they should...
Persistent link: https://www.econbiz.de/10012815080
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The effects of recessions across demographic groups
Engemann, Kristie M.; Wall, Howard J. - 2009
Persistent link: https://www.econbiz.de/10003888222
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Differences in preferences towards the environment : the impact of a gender, age and parental effect
Torgler, Benno (contributor);  … - 2008
The paper investigates empirically the differences in preferences towards protection of the environment. Using seven different dependent variables to focus on the impact of age, gender and children we use a large micro data set covering data from 33 Western and Eastern European countries. The...
Persistent link: https://www.econbiz.de/10003659658
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Factors determining callbacks to job applications by the unemployed : an audit study
Farber, Henry S.; Silverman, Dan; Wachter, Till von - 2015 - Version: October 22, 2015
Persistent link: https://www.econbiz.de/10011452408