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CEO preferences and acquisitions
Jenter, Dirk; Lewellen, Katharina - 2011
of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone … costs, we find strong evidence that target CEO preferences affect merger patterns. The likelihood of receiving a takeover … in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …
Persistent link: https://www.econbiz.de/10009412377
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The Market for CEOs : Evidence from Private Equity
Gompers, Paul A.; Kaplan, Steven N.; Mukharlyamov, Vladimir - 2022
Most research on the CEO labor market has studied public company CEOs while largely ignoring the market for CEOs in private equity funded companies. We fill this gap by studying the market for CEOs among larger U.S. companies (enterprise value greater than $1 billion) purchased by private equity...
Persistent link: https://www.econbiz.de/10013404366
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Promotion determinants in corporate hierarchies : an examination of fast tracks and functional area
Belzil, Christian; Bognanno, Michael Leonard; Poinas, … - 2012
This article estimates a dynamic reduced-form model of intra-firm promotions using an employer-employee panel of over 300 of the largest corporations in the U.S. in the period from 1981 to 1988. The estimation conditions on unobserved individual heterogeneity and allows for both an endogenous...
Persistent link: https://www.econbiz.de/10009656075
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The accentuated CEO career horizon problem : evidence from international acquisitions
Matta, Elie; Beamish, Paul W. - In: Strategic management journal 29 (2008) 7, pp. 683-700
Persistent link: https://www.econbiz.de/10003732619
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The big exit : executive churn in the wake of M&As
Krug, Jeffrey A.; Shill, Walt - In: Journal of business strategy 29 (2008) 4, pp. 15-21
Persistent link: https://www.econbiz.de/10003756428
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The big exit : executive churn in the wake of M&As
Krug, Jeffrey A.; Shill, Walt - 2009
Persistent link: https://www.econbiz.de/10003808320
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Why do managers undertake acquisitions? : An analysis of internal and external rewards for acquisitiveness
Avery, Christopher - In: The journal of law, economics, & organization 14 (1998) 1, pp. 24-43
Persistent link: https://www.econbiz.de/10001238103
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The executive turnover risk premium
Peters, Florian; Wagner, Alexander F. - 2009
We establish that CEOs of companies experiencing volatile industry conditions are more likely to be dismissed. At the same time, industry risk is, accounting for various other factors, unlikely to be associated with CEO compensation other than through dismissal risk. Using this identification...
Persistent link: https://www.econbiz.de/10003961496
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CEO preferences and acquisitions
Jenter, Dirk; Lewellen, Katharina - 2011 - This draft: December 2011
receiving a successful takeover bid is sharply higher when target CEOs are close to age 65. Takeover premiums and target …
Persistent link: https://www.econbiz.de/10009504779
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Managerial Cost Inefficiency and Takeovers of U.S. Thrifts
Cebenoyan, Fatma - 2016
takeover of U.S. thrifts during a period of market liberalization and widespread takeover activity, 1994 to 2000. In the first … cost inefficiency. For takeovers by banks, a significant negative relationship between cost inefficiency and takeover is …
Persistent link: https://www.econbiz.de/10013004388