This paper investigates the influence of target firm performance, capital structure, and ownership profile on the decision to pursue a hostile tender offer or, alternatively, a proxy contest. Empirically, firms with poorer financial performance are more likely to experience a proxy contest as...

Purpose – The purpose of this research is to examine the effect of supply chain implementation issues on firm value. Design/methodology/approach – Using case study methodology, this paper outlines the cases of Hershey and Nike and the impact of supply chain implementation issues on these...

Between October and November 2001 the world witnessed the collapse of Enron, a major US publicly traded corporation with global operations. The Enron case highlights the impact corporate failure has on American society and capital markets and underscores the need for better enforcement of...

The sales-maximization hypothesis and the shareholder wealth-maximization hypothesis have been suggested in prior finance literature to explain the determinants of CEO pay. This paper proposes that CEO influence over the board is an additional explanation for the size of CEO pay. Evidence from...

Between October and November 2001 the world witnessed the collapse of Enron, a major US publicly traded corporation with global operations. The Enron case highlights the impact corporate failure has on American society and capital markets and underscores the need for better enforcement of...