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Are women more likely to seek advice than men? : evidence from the boardroom

Levi, Maurice D.; Li, Kai; Zhang, Feng - In: Journal of risk and financial management : JRFM 8 (2015) 1, pp. 127-149

It is commonly believed that women are more likely to seek advice than men; for example, on aspects of health or asking for directions when lost. This paper investigates whether women’s relatively greater propensity for advice seeking extends to important business decisions, specifically those...

Persistent link: https://www.econbiz.de/10011552916

Mergers and acquisitions and corporate innovation

Li, Kai - 2017

This paper provides both theoretical perspectives and empirical evidence on the relationship between mergers and acquisitions (M&As) and corporate innovation. It also identifies relevant policies implemented by countries around the world to encourage corporate innovation activities, and...

Persistent link: https://www.econbiz.de/10011757954

Consolidating Product Lines via Mergers and Acquisitions : Evidence from the USPTO Trademark Data

Hsu, Po-Hsuan - 2020

Using a new trademark-based product market competition measure and a novel trademark-merger dataset over the period 1983-2016, we show that companies facing greater product market competition are more likely to be acquirers. We further show that postmerger, compared to their non-acquiring peers,...

Persistent link: https://www.econbiz.de/10012854037

Human Capital Synergies in Mergers and Acquisitions

Li, Kai - 2020

Using a unique data set tracking inventors' careers around mergers and acquisitions (M&As) over the period 19812012, we first show a steep increase postmerger in the frequency of collaboration between acquirer and target inventors, and that such collaboration is associated with more radical,...

Persistent link: https://www.econbiz.de/10012840816

Organization Capital and Mergers and Acquisitions

Li, Kai - 2017

with superior deal performance. We show that high organization-capital acquirers achieve significantly higher abnormal … announcement period returns, and better post-merger operating and stock performance, than low organization-capital acquirers …. Additional tests suggest a causal relation between acquirer organization capital and deal performance. We further show that post …

Persistent link: https://www.econbiz.de/10012972619

Corporate Boards and the Leverage and Debt Maturity Choices

Harford, Jarrad - 2009

Debt, and in particular, short-term debt have the potential to discipline managers. We examine the role of the board in making financing decisions that provide this discipline. Specifically, given a firm's characteristics, we predict that stronger boards will force the firm to hold more debt and...

Persistent link: https://www.econbiz.de/10012721643

Vote Avoidance and Shareholder Voting in Mergers and Acquisitions

Li, Kai - 2019

We examine whether, how, and why acquirer shareholder voting matters. We show that acquirers with low institutional ownership, high deal risk, and high agency costs are more likely to bypass shareholder voting. Such acquirers have lower announcement returns and make higher offers than those who...

Persistent link: https://www.econbiz.de/10012903190

Director Gender and Mergers and Acquisitions

Levi, Maurice D. - 2013

Does director gender influence CEO empire building? Does it affect the bid premium paid for target firms? Less overconfident female directors less overestimate merger gains. As a result, firms with female directors are less likely to make acquisitions and if they do, pay lower bid premia. Using...

Persistent link: https://www.econbiz.de/10013091054

Corporate Innovations and Mergers and Acquisitions

Bena, Jan - 2014

Using a large and unique patent-merger dataset over the period 1984 to 2006, we show that companies with large patent portfolios and low R&D expenses are acquirers, while companies with high R&D expenses and slow growth in patent output are target firms. Further, technological overlap between...

Persistent link: https://www.econbiz.de/10013067510

Corporate Innovations and Mergers and Acquisitions

Bena, Jan - 2014

Using a large unique patent-merger dataset over the period 1984-2006, we uncover one specific source of synergies - corporate innovation activities - that drives acquisitions. Our measures of corporate innovation capture both quantity and quality of innovation output, as well as the extent of...

Persistent link: https://www.econbiz.de/10013068868