that even though GPs facilitate some value-increasing acquisitions, they do have, on average, an overall negative effect on … managerial slack, and/or to GPs making it attractive for executives to go along with some value-decreasing acquisitions that do … not serve shareholders' long-term interests. Our findings have significant implications for ongoing debates on GPs and …

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

We examine the impact of acquisitions on executive pay in UK acquirers over 1984-2001. For the overall sample, which … affected by target nationality or organizational form, although initial cross-border acquisitions do result in higher pay. Pay … increases are higher following acquisitions of targets with high pay, but not of targets in high pay countries. CEOs are …

efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper …