Purpose: The purpose of this paper is to draw from regulatory focus theory, to examine the effects of the “gain/no gain” nature of stock options and retirement pay on the decision to engage in cross-border acquisitions. The moderating effects of managerial discretion arising from the...

Research Question/Issue: The origins of the global financial crisis have been attributed to the combination of a housing price bubble, innovative financial instruments as well as the lack of restraint by corporate executives and boards to engage in excessive risk-taking. The rise in subprime...