Now showing items 1-3 of 3

    • Corporate Governance When Founders Are Directors 

      Li, Feng; Srinivasan, Suraj (Elsevier, 2011)
      We examine CEO compensation, CEO retention policies, and M&A decisions in firms where founders serve as a director with a non-founder CEO (founder-director firms). We find that founder-director firms offer a different mix ...
    • The Effect of Prohibiting Deal Protection in Mergers and Acquisitions: Evidence from the United Kingdom 

      Restrepo, Fernán; Subramanian, Guhan (University of Chicago Press, 2017-02)
      Since 2011, the UK has prohibited all deal protections—including termination fees—in M&A deals. Prior to 2011, the UK permitted termination fees up to 1% of deal value and there was no prohibition on other protection ...
    • The Effect of Reference Point Prices on Mergers and Acquisitions 

      Baker, Malcolm P.; Pan, Xin; Wurgler, Jeffrey (Elsevier, 2012)
      Prior stock price peaks of targets affect several aspects of merger and acquisition activity. Offer prices are biased toward recent peak prices although they are economically unremarkable. An offer's probability of acceptance ...