Choi, Seung Hee; Szewczyk, Samuel H. - In: Managerial Finance 44 (2018) 2, pp. 222-240
Purpose: When major reallocations of the firm’s assets are necessary, a balance in the corporate governance structure favoring the CEO can be a necessary condition for planning and initiating major strategic moves. The purpose of this paper is to examine firms making major acquisitions to...