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The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom

Guest, Paul M. - 2012

We examine the impact of acquisitions by UK acquirers on executive pay. The overall sample shows a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form, although initial cross-border acquisitions result in higher pay. Pay increases are...

Persistent link: https://www.econbiz.de/10013103147

Board Share Ownership and Takeover Performance

Cosh, Andy - 2012

We investigate the relation between takeover performance and board share ownership in the acquiring company for a … on takeover outcomes including: the means of payment; acquirer size and market to book value; the relative size of the … acquirer and the target; the nature of the bid in terms of hostility and industrial direction; and the pre-takeover performance …

Persistent link: https://www.econbiz.de/10013103238

Director Networks and Takeovers

Renneboog, Luc - 2013

We study the impact of corporate networks on the takeover process. We find that better connected companies are more … active bidders. When a bidder and a target have one or more directors in common, the probability that the takeover … invited to the board of the combined firm in connected M&As. While connections have a clear impact on the takeover strategy …

Persistent link: https://www.econbiz.de/10013074605

Director Networks and Takeovers

Renneboog, Luc - 2013

Persistent link: https://www.econbiz.de/10013075936

Shareholder voting in mergers and acquisitions : evidence from the UK

Tokbolat, Yerzhan; Thompson, Steve; Le, Hang - In: The European journal of finance 25 (2019) 9, pp. 815-834

Persistent link: https://www.econbiz.de/10012207031

Bedingte Aktiengeschäfte

Dilger, Alexander - 2016

Conditional share trades come only into effect if a specified condition is fulfilled like a takeover or the appointment …

Persistent link: https://www.econbiz.de/10011529047

Rulemaking Petition for Real-Time Disclosure of Proxy Votes

McRitchie, James - 2019

Corporations have facilitated the most dynamic economic growth in history. Addressing adverse externalities, like dark money and climate change, has been hampered by dispersed ownership. Mechanisms are needed to define common values and increase individual empowerment within corporate dominated...

Persistent link: https://www.econbiz.de/10012890579

Long-Term Shareholders and Time-Phased Voting

Dallas, Lynne - 2017

We explore Time-Phased Voting (“TPV”), an arrangement in which long-term shareholders receive more votes per share than short-term shareholders. TPV has gained prominence in recent years as a proposed remedy for perceived corporate myopia. We begin with theory, situating TPV relative to...

Persistent link: https://www.econbiz.de/10012971472

Voting in corporations

Miller, Alan D. - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 1, pp. 101-128

I introduce a model of shareholder voting. I describe and provide characterizations of three families of shareholder voting rules: ratio rules, difference rules, and share majority rules. The characterizations rely on two key axioms: merger consistency, which requires consistency in voting...

Persistent link: https://www.econbiz.de/10012415597

Staggered Boards and the Value of Voting Rights

Karakaş, Oğuzhan - 2019

This paper examines the impact of staggered boards on the value of voting rights (i.e., voting premium) estimated using option prices. We find companies with staggered boards have higher voting premium. Exploiting plausibly exogenous court rulings, we confirm that weakening the effectiveness of...

Persistent link: https://www.econbiz.de/10012904179