for target shareholders because of the potential conflict of interest of the CEO, it is also possible that target … shareholders could benefit from CEO retention because it can increase the performance of the acquired firm and, consequently … harms shareholders in acquisitions involving private equity firms. In fact, we show that better performing target CEOs are …

We investigate the relation between corporate governance characteristics of hostile takeover targets and the choice to … employ 'harmful' resistance that is not perceived as being motivated by shareholders' interests. We find that harmful …

owner to deter hostile takeovers. I model the takeover process as a two-party bargaining game between the owner and a …

We develop and test hypotheses on the impact of target shareholders investment style preferences on the method of … payment and premiums in acquisitions. Stock offers (unlike cash offers) allow target shareholders to defer capital gains taxes …. This deferral value, however, depends on target shareholders willingness to retain acquirer stock. The empirical findings …

options of the target CEO immediately vest and become unrestricted upon the close of the acquisition. We find that takeover … triggered by accelerated vesting are beneficial to shareholders in completed deals. Accelerated vesting appears to be an …

helps align management's and shareholders' interests whereas outside-dominated boards better monitor management, whose … fiduciary duties to shareholders may be compromised by conflicts of interest inherent in management buyouts. Finally, there is …