CEO COMPENSATION FOR BIDDERS IN UK M&As
作者： Stavroula Iliopoulou , Jerry Coakley
DOI: 10.2139/SSRN.675081
关键词:
摘要: The paper investigates the impact of M&As on bidder CEO and other executive compensation employing a unique sample 100 completed bids in UK over period 1998-2001. Our findings indicate that less independent larger boards award CEOs significantly higher bonuses following M&A completion directors are rewarded more for effort they place order to accomplish an outside their industry (large) merger rather than horizontal (small) merger. Overall our offer support managerial power agency theory perspective compensation.
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