Carline, Nicholas F.; Linn, Scott C.; Yadav, Pradeep K. - Institut für Finanzmarktforschung, Wirtschafts- und … - 2009
We find that corporate governance characteristics of acquiring firms (board ownership, board size, and block-holder control) have an economically and statistically significant impact on operating performance changes following mergers. We also show that dispersion of intra-board ownership stakes...
