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Antitakeover provisions in corporate spin-offs

Chemmanur, Thomas J.; Jordan, Bradford D.; Liu, Mark H.; … - In: Journal of banking & finance 34 (2010) 4, pp. 813-824

Persistent link: https://www.econbiz.de/10003966114

Oler, Derek; Olson, Bradley; Skousen, Christopher J. - 2009

We examine whether governance matters for acquisitions. Acquisitions are frequently beneficial to the CEO of the acquiring firm, but can often be value-destructive to acquirer shareholders and other stakeholders such as employees. We find that corporate governance does not appear to influence...

Persistent link: https://www.econbiz.de/10014049776

The Power to Decide on Takeovers : Directors or Shareholders, What Difference Does It Make?

Gatti, Matteo - 2014

contribution is to show who actually has power in a takeover and what factors are at work to give such power. Although directors … are traditionally considered to be in charge in deciding the outcome of a hostile takeover of a Delaware corporation … lack the power to determine the outcome of a takeover bid, the reason for that is not embedded in the takeover regime …

Persistent link: https://www.econbiz.de/10014153473

Takeovers and (Excess) CEO Compensation

Feito-Ruiz, Isabel - 2017

their own pay which could lead to excesses. We relate excess pay to how takeover decisions are received by the market, and … demonstrate that excess compensation negatively affects the acquirer's stock valuation at a takeover announcement. The market is …

Persistent link: https://www.econbiz.de/10012947336

Takeovers and (Excess) CEO Compensation

Feito-Ruiz, Isabel - 2017

Persistent link: https://www.econbiz.de/10012951091

CEO Duality and Corporate Stewardship : Evidence from Takeovers

Ghazal, Victor - 2015

in the interest of their shareholders by bargaining 16.1% more aggressively in takeover negotiations than do single role …

Persistent link: https://www.econbiz.de/10013021327

Shareholder Democracy in Play : Career Consequences of Proxy Contests

Fos, Vyacheslav - 2015

This paper shows that proxy contests have a significant adverse effect on careers of incumbent directors. Following a proxy contest, directors experience a significant decline in number of directorships not only in the targeted company, but also in other non-targeted companies. The results are...

Persistent link: https://www.econbiz.de/10013035358

CEO Turnover in LBOs : The Role of Boards

Cornelli, Francesca - 2015

We examine the CEO turnover in LBOs backed by private equity funds. When a company is taken private, we find that the CEO turnover decreases and is less contingent on performance. We also find that a higher involvement of the LBO sponsors, who replace the outside directors on the board after...

Persistent link: https://www.econbiz.de/10013035557

The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom

Guest, Paul M. - 2012

We examine the impact of acquisitions by UK acquirers on executive pay. The overall sample shows a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form, although initial cross-border acquisitions result in higher pay. Pay increases are...

Persistent link: https://www.econbiz.de/10013103147

The Role of the Media in Corporate Governance : Do the Media Influence Managers’ Decisions to Abandon Acquisition Attempts?

Liu, Baixiao - 2012

Using 636 large acquisition attempts that are accompanied by a negative stock price reaction at their announcement (“value-reducing acquisition attempts”) from 1990-2010, we find that, in deciding whether to abandon a value-reducing acquisition attempt, managers' sensitivity to the firm's...

Persistent link: https://www.econbiz.de/10013109022