actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …

firm does not boost the overall value of the merger transaction. -- Merger ; acquisition ; target CEO ; corporate …

to redistribute merger proceeds to management. The current article highlights an overlooked distinction between pre-merger … golden parachutes and merger side-payments. Similar to a legislative rider attached to a popular bill, management can bundle …-it-or-leave-it merger vote. Because side-payments are bundled into a merger transaction, voting rights cannot adequately protect …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …

high takeover threat. This study examines the effects of hostile takeover threats on managerial efforts to innovate. Our … results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest … that managers tend to be more myopic when firms are exposed to hostile takeover threats. Managers will put less effort into …