Contractual revisions in compensation: Evidence from merger bonuses to target CEOs

Do merger bonuses to target CEOs facilitate a wealth transfer from target to acquirer shareholders? We test this hypothesis against an alternative that bonuses enable a useful contractual revision in compensation contracts when takeovers generate small synergies. When target CEOs get a merger bonus,...

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Bibliographic Details
Published in:Journal of accounting and economics, Vol. 61, No. 2 (2016), p. 338-368
Main Author: Fich, Eliezer M.
Other Involved Persons: Rice, Edward M. ; Tran, Anh L.
Format: electronic Article
Language:English
Physical Description:Online-Ressource
DOI:10.1016/j.jacceco.2015.12.002
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