Merger decisions and executive stock ownership in acquiring firms
| Data(s) |
01/04/1985
|
|---|---|
| Resumo |
This study supports the proposition that managerial welfare affects merger decisions. The abnormal stock returns experienced by bidder firms, from the time of the announcement of a merger bid through the stockholder approval date, are positively relaterd to the percentage of own-company stock held by the senior management of the bidder. The results suggest that substantial amounts of own-company share ownership help align the interests of stockholders and management. |
| Formato |
application/pdf |
| Identificador |
http://boris.unibe.ch/39600/1/1-s2.0-0165410185900382-main.pdf Loderer, Claudio; Rosenfeld, Ahron; Lewellen, Wilbur (1985). Merger decisions and executive stock ownership in acquiring firms. Journal of Accounting and Economics, 7(1-3), pp. 209-231. Elsevier 10.1016/0165-4101(85)90038-2 <http://dx.doi.org/10.1016/0165-4101(85)90038-2> doi:10.7892/boris.39600 info:doi:10.1016/0165-4101(85)90038-2 urn:issn:0165-4101 |
| Idioma(s) |
eng |
| Publicador |
Elsevier |
| Relação |
http://boris.unibe.ch/39600/ |
| Direitos |
info:eu-repo/semantics/restrictedAccess |
| Fonte |
Loderer, Claudio; Rosenfeld, Ahron; Lewellen, Wilbur (1985). Merger decisions and executive stock ownership in acquiring firms. Journal of Accounting and Economics, 7(1-3), pp. 209-231. Elsevier 10.1016/0165-4101(85)90038-2 <http://dx.doi.org/10.1016/0165-4101(85)90038-2> |
| Palavras-Chave | #330 Economics |
| Tipo |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion PeerReviewed |
