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This study aims to investigate the unsettled issue of the relationship between CEO duality and a firm’s value through the perspective of investors’ reaction to news which mention apical directors with a single role and Board Chair CEOs. With a unique and hand-collected database of 60,805...
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level and the tone of media attention to the proposed transaction. We interpret the results to imply that managers have …-reducing acquisition attempts are more likely to be abandoned, the media can play a role in aligning managers' and shareholders' interests …-reducing acquisition attempt, managers' sensitivity to the firm's stock price reaction during the announcement period is influenced by the …
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