predict long-term gains to the acquirers. In order to predict long-term takeover performance, we apply textual analysis to the … reveal that a negative managerial tone has a strong negative association with takeover performance, whereas a positive … managerial tone indicates managerial confidence in merger success, and hence reflects an enhanced takeover performance over an …

, managers of takeover targets can have incentives to defeat such offers. We examine whether the presence of independent outside … associated with higher initial offer premiums and greater revisions in the intial premium. Further, takeover resistance and the …

Using a novel dataset of establishment-level management practices from the U.S. Census Bureau, we show that firms with … more specific, formal, frequent, or explicit (i.e., “structured”) management practices tend to acquire establishments with … less structured management practices, and following the acquisition, adopt more structured practices at the target …

This brief piece applauds the Government Accountability Office (GAO) for adding the management of interagency …