This paper examines the M&A strategy of firms during the first year in office following the appointment of a new CEO and its effect on longer-term firm performance. Using a unique sample of large European listed companies, the results show that CEOs of UK firms execute more deals than their...

The purpose of this study is to construct a multi-factor behavioural model which can be applied to the research of behavioural trends in senior managers’ decision-making processes in M&A. Based on the academic analysis of Shefrin, Greenspan and empirical observations, a multi-factor...