CEO Pay Disparity, Takeover Premiums and Bidder Performance in Australia: Efficient Contracting or Managerial Power
We compare acquiring firms’ CEO pay with that of the highest-paid non-CEO director and investigate the influence of CEO pay disparity on takeover premiums and bidder performance. Based on a takeover sample of Australian listed targets and bidders during the 2002–2015 period, we find that takeover pr...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
WILEY
2021
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/85093 |