We examine whether pre-bid target stock price runups lower bidder takeover gains and deter short-term toehold purchases in the runup period. A dollar...
This paper studies the long-term consequences of actions induced by vesting equity, a measure of short-term incentives. Vesting equity is positively...
In this paper, we investigate whether reform of EU company law is needed to make corporate governance more sustainable through an analysis of some of the...