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We develop measures of the management quality of firms and make use of a unique sample of hand-collected data to examine the relationship between the reputation and quality of a firm's management and its financial policies, a relationship that has so far received little attention in the...
Persistent link: https://www.econbiz.de/10012706788
We present the first analysis in the literature of the relationship between the quality and reputation of a firm's management and the prevalence of anti-takeover provisions in the corporate charters of IPO firms, and the influence of this relationship on post-IPO performance. We test the...
Persistent link: https://www.econbiz.de/10012706789
We present a direct test of the choice of the medium of exchange in acquisitions when both acquirers and targets possess private information about their own intrinsic values. We test three hypotheses: first, whether acquirers are more likely to choose a stock offer as their equity is more...
Persistent link: https://www.econbiz.de/10012706862
We develop measures of the management quality of firms and make use of a unique sample of hand-collected data to examine the relationship between the reputation and quality of a firm's management and its financial and investment policies, a relationship that has so far received little attention...
Persistent link: https://www.econbiz.de/10012707220
We present the first empirical analysis of the relationship between a firm’s management quality and the prevalence of antitakeover provisions in its corporate charter and their influence on initial public offering (IPO) valuation and post-IPO performance. We test the implications of the...
Persistent link: https://www.econbiz.de/10010544276
Persistent link: https://www.econbiz.de/10009210531
Persistent link: https://www.econbiz.de/10008744466
Persistent link: https://www.econbiz.de/10008894741
We develop measures of the management quality of firms and make use of a unique sample of hand-collected data to examine the relationship between the reputation and quality of a firm’s management and its financial and investment policies, a relationship that has so far received little...
Persistent link: https://www.econbiz.de/10008491418
We present a direct test of the choice of the medium of exchange in acquisitions when both acquirers and targets possess private information about their own intrinsic values. We test three hypotheses: first, whether acquirers are more likely to choose a stock offer as their equity is more...
Persistent link: https://www.econbiz.de/10008484731