In recent years, an increasing number of Chinese firms have been engaged in acquisitions
both inside and outside of China. Nevertheless, our understanding of Chinese merger and …

Our review of acquisition research from the 2008 to 2018 period shows that a large and
quickly growing portion of this work has focused on the behavioral aspects of acquisitions …

Chief executive officer (CEO) narcissism affects the takeover process. Acquirer shareholders
react less favorably to a takeover announcement when the target CEO is more narcissistic …

This paper explores the impact of target CEOs' retirement preferences on takeovers. Using
retirement age as a proxy for CEOs' private merger costs, we find strong evidence that target …

We investigate the effects of target initiation in M&As. We find target-initiated deals are
common and that important motives for these deals are target economic weakness, financial …

We review historical and current research on mergers and acquisitions. The literature is
extensive. After a discussion of earlier survey articles (our “survey of the surveys”), we …

Golden parachutes (GPs) have attracted substantial attention from investors and public
officials for more than two decades. We find that GPs are associated with higher expected …

Purpose This study examines the efficacy of compensation in encouraging corporate
executives to promote corporate social responsibility (CSR). In particular, it closely examines …

We study changes in chief executive officer (CEO) contracts when firms transition from public
ownership with dispersed owners to private ownership with strong principals in the form of …

This study provides large sample evidence on the effects of antitakeover provisions (ATPs)
on takeover probability and premia in modern takeover contests. Despite the fact that hostile …