The quiet life hypothesis argues that, when managers are insulated from the discipline of the takeover market, they … quiet life hypothesis, where managers adopt riskier CSR strategies and investments when they are more exposed to takeover … words, they prefer to live a “quiet life”. Exploiting a distinctive measure of takeover vulnerability principally based on …

redeployability significantly, corroborating the managerial myopia hypothesis. Hostile takeover threats reduce managers' job security …AbstractPurpose - Exploiting two novel measures of takeover vulnerability and asset redeployability, we investigate the … effect of the takeover market on redeployable assets. Redeployable assets are those with alternative uses. Asset …

Prior research shows that religion promotes honesty. Honesty in turn motivates managers to view an expropriation from …

that managers tend to be more myopic when firms are exposed to hostile takeover threats. Managers will put less effort into …Although the role of managers is crucial in shaping firm innovation, it also poses a dilemma. Because innovation is a … complicated and long-term process that requires effort and attention, managers may reduce effort in innovation when faced with …

Exploiting a unique measure of takeover vulnerability principally based on state legislations, we investigate how … corporate carbon reduction efforts are influenced by the takeover market, which is widely regarded as a crucial instrument of … external corporate governance. Our results show that more takeover exposure brings about significantly greater efforts to …

This study explores the impact of corporate takeover defenses on the extent of earnings management in the U ….S. Theoretically, it is not obvious whether takeover defenses alleviate or exacerbate earnings management. I examine four well …-known corporate takeover defenses; blank check preferred stock, poison pills, classified boards, and dual class stock. In spite of …

less complex firms. Hostile takeover threats diminish managers’ job security and thus exacerbates managerial myopia. Short … effect of hostile takeover exposure on firm complexity. Our results demonstrate that more takeover vulnerability leads to …-sighted managers focus on short-term investments at the expense of more complex, long-term, projects, resulting in lower corporate …