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This paper addresses the question of how target manager entrenchment impacts on bidders' initial takeover strategy, which comprises the toehold and the initial bid premium decisions, modeled as conjoint. We document several empirical regularities. The first is that the toehold alone has no explanatory power in explaining bidders' takeover strategy. The
Jean Canil, Bruce Rosser
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Career adaptability and career entrenchment [PDF]
Career adaptability constitutes a resource that can help employees to effectively manage career changes and challenges. The goal of this study was to investigate the relationship between the two higher-order constructs of career adaptability and career ...
Hannes Zacher +2 more
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Excessive managerial entrenchment, corporate governance, and firm performance
This paper investigates the differential impact of positive and negative excessive managerial entrenchment on the CEO turnover-performance sensitivity, CEO compensation, and firm performance.
Mustafa A Dah, Mostafa Harakeh
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Managerial entrenchment and earnings management [PDF]
Agency theorists have long contended that managerial entrenchment is detrimental for shareholders, because it protects managers from the discipline of corporate governance.
Fabrizio Di Meo +2 more
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Managerial Turnover and Entrenchment [PDF]
AbstractWe consider a two‐period model in which the success of the firm depends on the effort of a first‐period manager (the incumbent) as well as the effort and ability of a second‐period manager. At the end of the first period, the board receives a noisy signal of the incumbent manager's ability and decides whether to retain or replace the incumbent ...
Zenan Wu, Xi Weng
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The Costs of Entrenched Boards [PDF]
This paper investigates empirically how the value of publicly traded firms is overall affected by arrangements protecting management from removal. In a majority of U.S. public companies, staggered boards substantially insulate the board from removal in either a hostile takeover or a proxy contest.
Bebchuk, Lucian, Cohen, Alma
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Refined Epistemic Entrenchment
Journal of Logic, Language and Information, 2000zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Thomas Andreas Meyer +2 more
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Studia Logica, 2003
A long-standing puzzle about the use of epistemic entrenchment in the semantics of AGM belief change is that while it gives an elegant characterization of the `extended postulates' for contraction and revision, it has resisted attempts to adapt it to characterize what AGM called the `basic postulates'.
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A long-standing puzzle about the use of epistemic entrenchment in the semantics of AGM belief change is that while it gives an elegant characterization of the `extended postulates' for contraction and revision, it has resisted attempts to adapt it to characterize what AGM called the `basic postulates'.
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Radical Philosophy Review, 2010
The conventional view is that analytic philosophy has dominated American philosophy departments since 1950 and that continental philosophy and pragmatism have been marginalized almost out of existence due to philosophical inferiority or McCarthyist persecution.
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The conventional view is that analytic philosophy has dominated American philosophy departments since 1950 and that continental philosophy and pragmatism have been marginalized almost out of existence due to philosophical inferiority or McCarthyist persecution.
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Epistemic Entrenchment in Autoepistemic Logic
Fundamenta Informaticae, 1992A drawback of existing epistemic logics is their inability to deal with entrenchment of beliefs. All beliefs have equal status; none can be held more firmly than others. We present a bimodal logic that generalizes Levesque’s reconstruction of autoepistemic logic. In our system standard epistemic concepts can be represented, including the notion of only
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