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Leistungsfähigkeit von Transaktionsmultiplikatoren in Abhängigkeit von Werttreibern und Umfang der Kontrolle

Grbenic, Stefan; Beusichem, Henry van; Fröwis, Stefan - In: Corporate finance : Finanzierung, Kapitalmarkt, … 13 (2022) 1/2, pp. 40-48

Persistent link: https://www.econbiz.de/10012817740

Due Diligence : A Compliance Standard for Responsible European Companies

Taylor, Mark B. - 2014

After decades of debate, new global norms are emerging in the field of human rights that clearly define a company's social responsibility. The UN and the OECD have adopted these new standards which impose a due diligence duty on companies to avoid human rights abuses related to the corporate...

Persistent link: https://www.econbiz.de/10013050263

Technology Buyouts : Valuation, Market Screening Application, Opportunities in Europe

Pohlhausen, Tilman E. - 2003 - Gabler Edition Wissenschaft

Since 2000, technology companies have experienced dramatic losses in public market valuation. The question is whether this decline in prices opened the door for a concept hardly yet applied to this sector: leveraged and management buyouts. Tilman E. Pohlhausen explains why buyouts of companies...

Persistent link: https://www.econbiz.de/10013522263

Does CEO fitness matter?

Limbach, Peter; Sonnenburg, Florian - 2015 - This draft: November 2015

This study provides evidence suggesting that CEOs’ physical fitness has a positive impact on firm value, consistent with the beneficial effects of fitness on, e.g., cognitive functions, stress coping and job performance. For each of the years 2001 to 2011, we define S&P 1500 CEOs as fit if...

Persistent link: https://www.econbiz.de/10011392655

CEO fitness and firm value

Limbach, Peter; Sonnenburg, Florian - 2015 - First Draft: September 2014, This Draft: May 2015

We provide evidence for a positive impact of CEO fitness on firm value (Tobin's Q). For each of the years 2001 to 2011, we define S&P 1500 CEOs as fit if they finish a marathon. Fit CEOs are associated with higher firm profitability and M&A announcement returns. Effects on firm value are...

Persistent link: https://www.econbiz.de/10010517150

All good things come to an end : CEO tenure and firm value

Limbach, Peter; Schmid, Markus M.; Scholz, Meik - 2015 - This draft: July 3, 2015

Our study is the first to provide systematic evidence of a hump-shaped CEO tenure-firm value relation. This pattern is supported by announcement returns to sudden CEO deaths, which mitigate endogeneity concerns. Cross-sectionally, firm value starts to decline after fewer years of CEO tenure in...

Persistent link: https://www.econbiz.de/10011344281

CEO fitness and firm value

Limbach, Peter; Sonnenburg, Florian - 2014 - This Draft: September 2014

This study finds a positive relation between CEO fitness and firm value. For each of the years 2001 to 2011, we define CEOs of S&P 1500 companies as being fit if they finish a marathon. The literature suggests that fitness moderates stress and positively affects cognitive functions and...

Persistent link: https://www.econbiz.de/10010399327

Do Anti-Takeover Provisions Spur Corporate Innovation? A Regression Discontinuity Analysis

Chemmanur, Thomas J. - 2017

We study the effect of antitakeover provisions (ATPs) on innovation. To establish causality, we use a regression discontinuity approach that relies on locally exogenous variation generated by shareholder proposal votes. We find a positive, causal effect of ATPs on innovation. This positive...

Persistent link: https://www.econbiz.de/10012976643

The motivation and consequences of Golden Parachute provisions : a case study of TBEA Co., Ltd.

Huo, Zheng; Zhang, Junsheng; Huang, Mingming - In: China journal of accounting studies 9 (2020) 1, pp. 54-80

for TBEA, whose ownership is dispersed, anti-takeover was the main motivation for the adoption of GPs, and that managerial …

Persistent link: https://www.econbiz.de/10012799020

Anti-takeover provisions and executive excess compensation : evidence from China

Hu, Zhiying; Tong, Menglu; Liang, Shangkun - In: China journal of accounting studies 8 (2020) 3, pp. 380-409

This article examines the effect of anti-takeover provisions on executive excess compensation and find a positive … association. Five further findings are as follows. First, among specific provisions, the anti-takeover provisions mainly used to … delay the takeover process have a stronger effect on executive excess compensation. Second, the positive effect of anti-takeover …

Persistent link: https://www.econbiz.de/10012655389