information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …

Managers frequently project high synergistic gains when announcing M&As. This paper analyzes when promised synergies …

This paper examines the mechanisms by which acquirer CEOs are incentivized and their impact on merger decisions. We … argue that the pre-merger structure of CEO wealth impacts a CEO's risk tolerance and ultimately her willingness to undertake … a merger as well as the framework of the deal. As the riskiness of CEO wealth increases (as measured by excess vega or …

cash and stock used to finance the takeover (the method of payment). Within this framework, we analyze the effect of the …

This paper examines whether market evaluates merger announcements in a reasonable way based on their effect on … fundamental value using a sample of 37 mergers from U.S. industries completed within 1992-1997. For this purpose, the post-merger … to market efficiency hypothesis. Full sample analysis shows that bidder abnormal stock return at the merger announcement …

We introduce the concept of the post-merger integration duration (PMID) which is the time delay that it takes a merged … the time of a merger, and gradually levers up as the integration period nears completion. We hand collect a unique data …

Double moral hazard problems are prevalent in merger remedies. We consider a holdup problem in which two merging … merger decision depends on the success of the transaction, the Competition Authority will clear the merger whenever the …