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more likely to be replaced if the takeover is disciplinary …
Persistent link: https://www.econbiz.de/10013012966
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assessment of the role play by the board neutrality rule and whether this is supported by takeover law and Company law. A review …
Persistent link: https://www.econbiz.de/10013017557
This study finds that stronger market control (measured as fewer anti-takeover provisions) and more effective boards …
Persistent link: https://www.econbiz.de/10012922079
We examine the impact of private equity (PE) directors and their human capital on operating performance in a unique hand collected sample of 200 secondary management buyouts (SMBOs) during 2000-2015. We show that PE directors' human capital tends to play statistically and economically important...
Persistent link: https://www.econbiz.de/10012927568
This paper investigates whether non-executive directors associated with good (bad) board decisions are subsequently rewarded (penalized) in the market for directors. This question is addressed by assessing whether the post-acquisition performance of acquiring companies influences the number of...
Persistent link: https://www.econbiz.de/10012929029
We find that classified board in the M&A target firm is positively related to the target shareholder value, but only for firms with both intensive R&D investment and strong external governance. We also find that firms with classified board exhibit superior quality innovation when they have both...
Persistent link: https://www.econbiz.de/10012935021
This study examines long-run stock performance for acquirers from years 2000 to 2013. Since acquisitions create agency problem and companies in Malaysia exhibit concentrated ownership structures, this study aims to investigate four major objectives which consist of the effects of family control,...
Persistent link: https://www.econbiz.de/10012655096
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mechanism, may substitute for internal governance. Consistent with this notion, using a novel measure of takeover vulnerability … primarily based on state legislation, we investigate the effect of the takeover market on board characteristics with special … emphasis on board gender diversity.Design/methodology/approach – We exploit a novel measure of takeover vulnerability based on …
Persistent link: https://www.econbiz.de/10013239732