Showing 1 - 10 of 1,545
Persistent link: https://www.econbiz.de/10011561084
order to reduce her agency costs. Whenever this incentive effect dominates the well-known direct synergy effect, synergies … actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …
Persistent link: https://www.econbiz.de/10010360044
Persistent link: https://www.econbiz.de/10011498035
are value-relevant. Using text analytical methods, we only find a positive relationship between synergy projections and …
Persistent link: https://www.econbiz.de/10012826457
Persistent link: https://www.econbiz.de/10012163634
Persistent link: https://www.econbiz.de/10013350010
Persistent link: https://www.econbiz.de/10003718783
Persistent link: https://www.econbiz.de/10003678626
We find that contrary to popular belief, CEOs with long compensation duration do not make better long-term investment decisions. Using a comprehensive pay duration measure, we find that acquisitions conducted by CEOs with long compensation duration receive more negative announcement returns, and...
Persistent link: https://www.econbiz.de/10014245039
Persistent link: https://www.econbiz.de/10012880021