of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone … costs, we find strong evidence that target CEO preferences affect merger patterns. The likelihood of receiving a takeover … in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …

of the system, under various institutional arrangements, through the initial allocation of permits …

disadvantage is that it takes more time before an optimal allocation is reached because more productive firms (for a particular …

target aid to the poor and deserving are increasingly disputed. We contribute to the emerging literature on the allocation of …, we cover the allocation of both self-financed and officially co-financed aid for a large panel of NGOs and recipient … peers. Officially refinanced NGOs are more inclined to imitate the allocation of ODA. However, the degree of financial …

cash and stock used to finance the takeover (the method of payment). Within this framework, we analyze the effect of the …

Taxing capital gains is an important obstacle to the efficient allocation of resources because it imposes a transaction …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash … dividend tax cut raises efficiency by improving allocation of investment. …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash … dividend tax cut raises efficiency by improving allocation of investment …