We find that corporate governance affects the post-acquisition performance of the target firms. Though poor-performing firms tended to be the acquired targets, we find that the performance of these target firms did not improve after acquisition. Some empirical variables of corporate governance...

The main purpose of this paper is to investigate how investors perceive and respond to a firm's R&D announcement. We propose that board structure and intra-industry competition jointly dictate the announcement return. In addition, we assume that investors prefer carefully scrutinized R&D...

In this study we contribute to the literature by re-examining the effect of control and ownership of controlling shareholder on corporate valuation, and determining which particular mechanism for enhancing voting rights would achieve the negative entrenchment effect. We take Taiwan listed...