Levi, Maurice; Li, Kai; Zhang, Feng - In: Management Science 56 (2010) 9, pp. 1462-1483
Young male CEOs appear to be combative: they are 4% more likely to be acquisitive and, having initiated an acquisition, they are over 20% more likely to withdraw an offer. Furthermore, a young target male CEO is 2% more likely to force a bidder to resort to a tender offer. We argue that this...