of SEC filings (10-K Form) and the prognostic power of such language for takeover performance. The sample under study … long-term takeover performance, suggesting that managerial virtuous talk is, in practicality, an indication of lower post …-acquisition gains for the acquirers in the long run. Furthermore, takeover returns are found to reflect textual information on trust …

We explicitly examine the role of culture in corporate takeover decisions. Prior research suggests that the risk … aversion of CEOs affects their takeover decisions. In this paper, we argue that managerial risk aversion at a national level is …, measured by Hofstede's (2001) uncertainty avoidance score, show less takeover activity, engage more in diversifying takeovers …

The quiet life hypothesis argues that, when managers are insulated from the discipline of the takeover market, they … words, they prefer to live a “quiet life”. Exploiting a distinctive measure of takeover vulnerability principally based on …. Our results show that more takeover exposure significantly raises CSR variability, consistent with the prediction of the …