CEO Pay Disparity, Takeover Premiums and Bidder Performance in Australia: Efficient Contracting or Managerial Power

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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...

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Bibliographic Details
Main Authors:	Luong, Hoa, Duong, Lien, Evans, John
Format:	Journal Article
Language:	English
Published:	WILEY 2021
Subjects:	Social Sciences Business, Finance Business & Economics CEO pay disparity Takeover premium Bidder performance Efficient contracting Managerial power
Online Access:	http://hdl.handle.net/20.500.11937/85093

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