Brander, James A.; Egan, Edward J.; Endl, Sophie - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-19
the performance of private acquisitions, as measured by abnormal announcement returns, has a statistically significant … positive effect of plausible economic magnitude on CEO compensation. Public acquisitions exhibit a smaller positive effect that … is statistically insignificant. For both, acquisition activity (number of acquisitions) has a statistically significant …