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efficiency of the remuneration contracting in the sense that the performance sensitivity of compensation is then lower. We find … to higher and less performance-sensitive CEO compensation. Our results suggest that it is important to have the ‘right … influence that may come at the detriment of the firm and its shareholders. We confirm that there are marked conflicts of …
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We study the impact of corporate networks on the takeover process. We find that better connected companies are more active bidders. When a bidder and a target have one or more directors in common, the probability that the takeover transaction will be successfully completed augments, and the...
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We study the impact of corporate networks on the takeover process. We find that better connected companies are more active bidders. When a bidder and a target have one or more directors in common, the probability that the takeover transaction will be successfully completed augments, and the...
Persistent link: https://www.econbiz.de/10013075936