Chikh, Sabrina; Filbien, Jean-Yves - In: Journal of Corporate Finance 17 (2011) 5, pp. 1221-1236
During mergers and acquisitions, the CEOs of the acquiring firms are likely to cancel the deal if the market does not react favorably to its announcement. Using a sample of French acquisition announcements during the period from 2000 to 2005, this paper studies the conditions in which CEOs are...