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Watch Me Go Big : CEO Narcissism and Corporate Acquisitions

Aabo, Tom; Als, Mikkel; Thomsen, Lars; Wulff, Jesper - 2021

Purpose – The purpose of this paper is to investigate the role of CEO narcissism in corporate acquisitions with a focus on frequency and size and furthermore to examine the subsequent stock market reaction.Design/methodology/design – The authors investigate 751 acquisitions made by 158 UK...

Persistent link: https://www.econbiz.de/10013247458

Love Thy Neighbor : CEO Extraversion and Corporate Acquisitions

Aabo, Tom; Hansen, Jakob Berggreen; Petersen, Sebastian … - 2023

We investigate the relationship between CEO extraversion and the geographical dispersion of acquisitions within the U.S. The dispersion decision is important and has implications for employment, investments, and valuation. We show that extraverted CEOs prefer local deals and that the stock...

Persistent link: https://www.econbiz.de/10014349404

Does CEO Ethnic Cultural Identity Affect Cross-Border Acquisitions?

Marra, Miriam; Petmezas, Dimitris; Ruan, Jing; Yin, Chao - 2023

We examine the impact of CEOs’ ethnic cultural identity (ECI) on cross-border acquisitions. Regardless of the immigration time of CEOs’ ancestors to the US, acquirers are more likely to bid for a target in their CEOs’ ancestry country of origin. The CEO ECI does not significantly affect...

Persistent link: https://www.econbiz.de/10014257778

Investor Inattention and Managerial Opportunism – Evidence from Mergers and Acquisitions

Ahmad, Muhammad Farooq - 2020

-wide investor inattention when managers are attentive. During Ramadan, mainly Muslim investors are likely to be distracted while … mainly non-Muslim managers are likely to be attentive and potentially opportunistic. We formulate hypotheses to disentangle … opportunistic and non-opportunistic manager behavior. Our results support the distracted investors-opportunistic managers hypothesis …

Persistent link: https://www.econbiz.de/10012835460

Managerial Talk of Trust and Takeover Performance

Ghufran, Bushra - 2021

of SEC filings (10-K Form) and the prognostic power of such language for takeover performance. The sample under study … long-term takeover performance, suggesting that managerial virtuous talk is, in practicality, an indication of lower post …-acquisition gains for the acquirers in the long run. Furthermore, takeover returns are found to reflect textual information on trust …

Persistent link: https://www.econbiz.de/10013243561

The Cultural Origins of CEO Overconfidence

Hagendorff, Jens; Liu, Yue (Lucy); Nguyen, Duc Duy - 2021

We explore the role of cultural heritage in explaining CEOs overconfidence and its impact on the propensity and performance of corporate acquisitions. CEOs are more prone to overconfidence if the culture in their ancestral country of origin is characterized by strong individualism, independence,...

Persistent link: https://www.econbiz.de/10013224659

Executives’ Legal Records and the Deterrent Effect of Corporate Governance

Davidson, Robert H. - 2019

We study whether the effectiveness of corporate governance mechanisms varies depending on the characteristics of the executives subject to these mechanisms - namely, their “psychological type”, as proxied by their history of legal infractions. In particular, we examine insider trading, where...

Persistent link: https://www.econbiz.de/10012863181

Women in top executive positions, external audit quality and financial reporting quality : evidence from Vietnam

Quang Khai Nguyen - In: Journal of accounting in emerging economies : JAEE 14 (2024) 5, pp. 993-1019

Persistent link: https://www.econbiz.de/10015077648

Managing with Private Equity Style : CEOs’ Prior Buyout Target Experiences and Corporate Policies

Hsu, Scott - 2020

We examine the effects of public firm CEOs' prior private equity (PE) target experiences on corporate policies. Based on difference-in-differences and propensity score matching analyses, public firm CEOs previously serving as CEOs in PE targets reduce investment by about 15 percent while...

Persistent link: https://www.econbiz.de/10012848421

When target CEOs contract with acquirers : evidence from bank mergers and acquisitions

Brewer, Elijah (contributor); … - 2006

This paper investigates the impact of the target chief executive officer’s (CEO) postmerger position on the purchase premium and target shareholders’ abnormal returns around the announcement of the deal in a sample of bank mergers during the period 1990–2004. We find evidence that the...

Persistent link: https://www.econbiz.de/10003730559

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