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Using a novel dataset of establishment-level management practices from the U.S. Census Bureau, we show that firms with … more specific, formal, frequent, or explicit (i.e., “structured”) management practices tend to acquire establishments with … less structured management practices, and following the acquisition, adopt more structured practices at the target …
Persistent link: https://www.econbiz.de/10012851933
Persistent link: https://www.econbiz.de/10013400188
This brief piece applauds the Government Accountability Office (GAO) for adding the management of interagency …
Persistent link: https://www.econbiz.de/10014065703
The effect of severance pay on management behavior during a takeover battle is generally ambiguous. Yet, the severance …
Persistent link: https://www.econbiz.de/10009491061
-researched. The standard Inefficient Management Hypothesis suggests that more efficient managerial teams target less performing firms …
Persistent link: https://www.econbiz.de/10011299494
for mounting a critique of the use of management and control systems by global corporations. It provides General Electric …'s takeover of the Italian company Nouvo Pignone as an instance. The systems are an essential element in the expansionary … generic management and control systems into the firms it acquires runs afoul of a Levinasian ethics. That many large global …
Persistent link: https://www.econbiz.de/10013160457
claim that the threat of takeover which they pose on the management of a poorly managed company is not only to their benefit …, but also to that of the target company in general, because the management will run the company better to maximize its … over the four fiscal years following such news. There is little evidence so far that the threat of a hostile takeover …
Persistent link: https://www.econbiz.de/10013154492
We propose that an active takeover market provides incentives by offering acquisition opportunities to successful … and takeover threat. As a result, the takeover market is not sufficiently liquid and too few takeovers occur. Furthermore …, the liquidity in the takeover and managerial labour markets are inversely related. When poaching successful managers …
Persistent link: https://www.econbiz.de/10012905999
Leveraged buyouts (LBO) are generally explained in terms of a governance mechanism that disciplines management. It is … operationalized by increasing the leverage of a firm, which has an implicit consequence of constraining management in the use of free … funds on the back of the acquired company's operating assets. A securitized LBO imposes explicit restrictions on management …
Persistent link: https://www.econbiz.de/10012995889
but also more likely to cause management resistance in the event of not doing so. The deterrent effect is likely to be … managerial entrenchment causes management resistance rather than that the motive is to compensate for having less pre … management resistance …
Persistent link: https://www.econbiz.de/10012864334