Carline, Nicholas F.; Linn, Scott C.; Yadav, Pradeep K. - In: Journal of Banking & Finance 33 (2009) 10, pp. 1829-1841
We find that corporate governance characteristics of acquiring firms (board ownership, board size, and block-holder control) have an economically and statistically significant impact on operating performance changes following mergers. We also show that dispersion of intra-board ownership stakes...