acquiring managers' decision to abandon a corporate acquisition attempt conditional on the acquiring firm's stock price reaction … at the announcement of the deal. We find that higher cultural similarity decreases the propensity of acquiring managers … shock to establish a causal link. We interpret the findings to imply that acquiring managers are subject to a confirmatory …

UK data over the period 1988 to 2017. We find that takeover likelihood increases with “poor” management and “myopia”, but … declines with “hyperopia” and “efficient” management. Our results suggest that managers who focus on sustaining long …, managers who pursue profitability at the expense of long-term shareholder value creation are more likely to face takeovers …

I document evidence that 525 S&P 1500 companies that remove anti-takeover provisions (``ATPs") in period 2009 …

and application of the Proper Purpose Rule (the Rule or the PPR) in the Context of a Takeover Battle. As codified in … decision is also significant in re-affirming the conventional approach of an English takeover regime towards restricted power … of a target board of directors when a company becomes the subject of a corporate raid, or a hostile takeover; an approach …

some evidence that takeover laws deter managers from acquiring and retaining excess resources (market discipline), we find …Practitioners often claim that takeover pressure induces managerial myopia (short-termism), but academic research … provides limited empirical evidence supporting this assertion. This study fills this void by investigating how takeover threat …

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