This paper examines the mechanisms by which acquirer CEOs are incentivized and their impact on merger decisions. We … argue that the pre-merger structure of CEO wealth impacts a CEO's risk tolerance and ultimately her willingness to undertake … a merger as well as the framework of the deal. As the riskiness of CEO wealth increases (as measured by excess vega or …

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 …

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. …

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 …

&A decisions. This study runs statistical regressions on the likelihood of a merger, whether the deal is diversifying, how much … variable of interest and including controls for firm characteristics, merger characteristics, industry, and year. This paper …

paradigm to various organizational phenomena. In this paper, we examine post-merger and acquisition (M&A) executive turnover …