Managerial Entrenchment and the Valuation Effects of Toehold Acquisitions
SSRN Electronic Journal, 2007This paper examines the market reactions to toehold acquisitions to determine whether and under what circumstances the formation of a new large outside shareholder contributes to the shareholder value of the firm. We argue that although toehold acquisitions signal imminent challenges to the control of the management of the target firms, the challenges ...
Jeongsun Yun, Ki Beom Binh
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The Effects of Corporate Characteristics on Managerial Entrenchment
2020The present study aims to assess the relationship between some corporate factors and managerial entrenchment in companies listed on the Tehran Stock Exchange during 2011-2017. Panel data regression models were used to test the hypotheses. The obtained results indicated that four corporate factors, namely real earnings management, predictable earnings ...
Salehi, Mahdi +2 more
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Potential effects of managers' entrenchment and shareholdings on competitiveness
European Journal of Operational Research, 1999Abstract Previous studies on competitiveness have examined either broad macroeconomic factors such as financial/economic systems, infrastructure, exports and imports, and cultural/social values, or common microeconomic factors such as cost or product differentiation position, economies or scale/scope, and employee education and motivation as ...
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The effect of managerial entrenchment on analyst bias
Global Finance Journal, 2018Abstract While analyst bias is well documented, its relationship with corporate governance has been neglected. We claim that entrenched management of covered firms significantly increases analyst bias. By using governance index as a proxy for managerial entrenchment, we show that analyst bias increases as managerial entrenchment increases and ...
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The effect of fairness preference on managerial entrenchment: an experimental analysis
Nankai Business Review International, 2015Purpose– The main purpose of this paper is to analyze the effect of fairness psychology on the motivation and behavior that drives managerial entrenchment. The paper also provides a theoretical basis to set up an effective incentive and restraining mechanism for corporations.Design/methodology/approach– This paper conducts an experiment to investigate ...
Xiaoqin Niu, Bingxiang Li, Xiaodong Niu
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Estimating the Effect of Entrenched Boards on Firm Value Using Geographic Identification
SSRN Electronic Journal, 2014Abstract We show that firms located geographically close to one another share a similar probability of having staggered boards (or classified boards), an effect probably due to investor clientele, local competition, and social interactions. We then exploit the variation across the zip codes in the incidence of staggered boards and estimate the effect
Pandej Chintrakarn +3 more
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Stock Performance or Entrenchment? The Effects of Mergers and Acquisitions on CEO Compensation
SSRN Electronic Journal, 2012Using a large sample of U.S. acquiring and non-acquiring firms and covering a broad sample of transactions, we examine the effects of mergers and acquisitions (M&A) on CEO compensation during 1993-2006, a period of intense M&A activity. We alleviate endogeneity concerns through dynamic panel data estimation, propensity score matching, and using a ...
Praveen Kumar +2 more
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Effects of input training on second language syntactic representation entrenchment
International Journal of Bilingualism, 2016Objectives: The present study aimed to investigate the effects of linguistic input training on second language (L2) syntactic representation entrenchment using English subject–verb agreement structures as the stimuli.
Taiping Deng, Susan Dunlap, Baoguo Chen
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Entrenchment: effects of multiple red herrings on memory blocks in word fragment completion
Memory, 2020Two experiments examined blocking and entrenchment using a word fragment completion task. After incidental priming tasks in which varying numbers of red herring stimuli (i.e., wrong answers to subsequent problems) were seen, word fragment completion was tested for items orthographically similar to primed words. Both experiments showed a memory blocking
Steven M. Smith +2 more
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Managerial equity ownership and bank performance: entrenchment or size effects?
Economics Letters, 1999zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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