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Golden parachutes and managerial incentives in corporate acquisitions: evidence from the 1980s and 1990s
16 references·12 citing·47 second hop
Golden parachutes and managerial incentives in corporate acquisitions: evidence from the 1980s and 1990s (2000)Golden parachutes and managerial incentiv…Hostility in Takeovers: In the Eyes of the Beholder? (2000)Hostility in Takeovers: In th…The role of managerial incentives in bank acquisitions (1999)The role of managerial incent…The decline of takeovers and disciplinary managerial turnover (1997)The decline of takeovers and …Do independent directors enhance target shareholder wealth during tender offers? (1997)Do independent directors enha…Poison or placebo? Evidence on the deterrence and wealth effects of modern antitakeover measures (1995)Poison or placebo? Evidence o…How managerial wealth affects the tender offer process (1994)How managerial wealth affects…The Impact of Managerial Ownership on Acquisition Attempts and Target Shareholder Wealth (1993)The Impact of Managerial Owne…Board composition, ownership structure, and hostile takeovers (1993)Board composition, ownership …The Distribution of Target Ownership and the Division of Gains in Successful Takeovers (1990)The Distribution of Target Ow…Golden Parachutes: CEOs and the Exercise of Social Influence (1990)Golden Parachutes: CEOs and t…Antitakeover Measures, Golden Parachutes, and Target Firm Shareholder Welfare (1990)Antitakeover Measures, Golden…MANAGEMENT-BOARD RELATIONSHIPS, TAKEOVER RISK, AND THE ADOPTION OF GOLDEN PARACHUTES. (1989)MANAGEMENT-BOARD RELATIONSHIP…Takeovers: Their Causes and Consequences (1988)Takeovers: Their Causes and C…Golden Parachutes, Shark Repellents, and Hostile Tender Offers (1986)Golden Parachutes, Shark Repe…THE COMPOSITION OF BOARDS OF DIRECTORS AND INCIDENCE OF GOLDEN PARACHUTES. (1985)THE COMPOSITION OF BOARDS OF …Golden parachutes, executive decision-making, and shareholder wealth (1985)Golden parachutes, executive …Golden hellos: Signing bonuses for new top executives (2016)Golden hellos: Signing bonuse…Unbundling Ownership and Control (2015)Unbundling Ownership and Cont…Do target CEOs trade premiums for personal benefits? (2014)Do target CEOs trade premiums…On the Importance of Golden Parachutes (2013)On the Importance of Golden P…Entrenchment or Incentive? CEO Employment Contracts and Acquisition Decisions (2012)Entrenchment or Incentive? CE…Incentives and Innovation: Evidence from CEO Compensation Contracts (2011)Incentives and Innovation: Ev…Incentives and Innovation: Evidence from CEO Compensation Contracts (2011)Incentives and Innovation: Ev…The effects of antitakeover provisions on acquisition targets (2010)The effects of antitakeover p…3 Merger and Acquisition Transactions and Executive Compensation: A Review of the Empirical Evidence (2009)3 Merger and Acquisition Tran…Management turnover in subsidiaries of conglomerates versus stand-alone firms (2003)Management turnover in subsid…Corporate Governance in Australia (2003)Corporate Governance in Austr…Entrenchment and Severance Pay in Optimal Governance Structures (2001)Entrenchment and Severance Pa…Separation of Ownership and Control (1983)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)A Theory of Dividends Based on Tax Clienteles (2000)Board Composition: Balancing Family Influence in S&P 500 Firms (2004)External Control of Organizations: Resource Dependence Perspective (2011)Is Corporate Social Responsibility (CSR) Associated with Tax Avoidance? Evidence from Irresponsible CSR Activities (2013)Agency Problems and the Theory of the Firm (1980)Large Shareholders and Corporate Control (1986)The Uncertain Relationship between Board Composition and Firm Performance (1999)Corporate Governance and Control (2003)Independent boards and innovation (2016)Agency Theory: An Assessment and Review (1989)Econometric Models and Economic Forecasts (1990)Cooperative or Controlling? The Effects of CEO-Board Relations and the Content of Interlocks on the Formation of Joint Ventures (1999)Overpaid CEOs and Underpaid Managers: Fairness and Executive Compensation (2006)Corporate Governance and Executive Compensation for Corporate Social Responsibility (2015)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Economic Institutions of Capitalism (1987)Board composition and corporate philanthropy (1992)On studying managerial elites (1992)On studying managerial elites (2009)Mergers and the Market for Corporate Control (1965)Measuring security price performance (1980)The market for corporate control (1983)MODELLING ABNORMAL RETURNS: A REVIEW ARTICLE (1992)The directors' and officers' insurance premium: an outside assessment of the quality of corporate governance (2000)Do Career Concerns Affect the Delay of Bad News Disclosure? (2017)Performance Pay and Top-Management Incentives (1990)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Is Corporate Governance Ineffective in Emerging Markets? (2003)Takeover bids and target directors’ incentives: the impact of a bid on directors’ wealth and board seats (2003)Determinants of corporate borrowing (1977)Limited-dependent and qualitative variables in econometrics (1983)Managerial Decisions and Long‐Term Stock Price Performance (2000)Managerial succession and firm performance (2004)Does board gender diversity improve the informativeness of stock prices? (2011)Agency costs of free cash flow, corporate finance, and takeovers (1996)The determinants and implications of corporate cash holdings (1999)Characteristics of Risk and Return in Risk Arbitrage (2001)Managerial risk-taking behavior and equity-based compensation☆ (2009)Managerial discipline and corporate restructuring following performance declines (2000)Bargaining power and industry dependence in mergers (2011)CEO Preferences and Acquisitions (2015)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)Corporate Social Responsibility: A Theory of the Firm Perspective (2001)Gender diversity, board independence, environmental committee and greenhouse gas disclosure (2014)
this work references cited by second hop

References

  • 1988Takeovers: Their Causes and Consequences1,325 cited
  • 1993Board composition, ownership structure, and hostile takeovers906 cited
  • 2000Hostility in Takeovers: In the Eyes of the Beholder?851 cited
  • 1997Do independent directors enhance target shareholder wealth during tender offers?847 cited
  • 1995Poison or placebo? Evidence on the deterrence and wealth effects of modern antitakeover measures752 cited
  • 1990Golden Parachutes: CEOs and the Exercise of Social Influence394 cited
  • 1989MANAGEMENT-BOARD RELATIONSHIPS, TAKEOVER RISK, AND THE ADOPTION OF GOLDEN PARACHUTES.330 cited
  • 1997The decline of takeovers and disciplinary managerial turnover320 cited
  • 1993The Impact of Managerial Ownership on Acquisition Attempts and Target Shareholder Wealth316 cited
  • 1985Golden parachutes, executive decision-making, and shareholder wealth277 cited
  • 1985THE COMPOSITION OF BOARDS OF DIRECTORS AND INCIDENCE OF GOLDEN PARACHUTES.206 cited
  • 1986Golden Parachutes, Shark Repellents, and Hostile Tender Offers204 cited
  • 1990The Distribution of Target Ownership and the Division of Gains in Successful Takeovers201 cited
  • 1999The role of managerial incentives in bank acquisitions173 cited
  • 1994

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How managerial wealth affects the tender offer process
166 cited
  • 1990Antitakeover Measures, Golden Parachutes, and Target Firm Shareholder Welfare127 cited
  • Cited by

    • 2013On the Importance of Golden Parachutes59 cited
    • 2010The effects of antitakeover provisions on acquisition targets57 cited
    • 2003Management turnover in subsidiaries of conglomerates versus stand-alone firms52 cited
    • 20093 Merger and Acquisition Transactions and Executive Compensation: A Review of the Empirical Evidence43 cited
    • 2001Entrenchment and Severance Pay in Optimal Governance Structures40 cited
    • 2012Entrenchment or Incentive? CEO Employment Contracts and Acquisition Decisions36 cited
    • 2011Incentives and Innovation: Evidence from CEO Compensation Contracts35 cited
    • 2016Golden hellos: Signing bonuses for new top executives30 cited
    • 2014Do target CEOs trade premiums for personal benefits?29 cited
    • 2015Unbundling Ownership and Control27 cited
    • 2011Incentives and Innovation: Evidence from CEO Compensation Contracts27 cited
    • 2003Corporate Governance in Australia23 cited