Fabel, Oliver (contributor); Kolmar, Martin (contributor) - 2007
Series
Thurgauer Wirtschaftsinstitut
No. 17 january 2007
The effect of severance pay on management behavior during a … takeover battle is generally ambi-
guous. Yet, the severance payment completely restraining all influence activities always … entails a corner
solution. Managers will either receive no severance pay, or the payment will be chosen
such that their …