This paper focuses on the relative importance of board monitoring and the hostile takeover market in disciplining managers that make poor acquisition decisions.
This book examines the effectiveness of corporate takeovers. The dominant ideologies of corporate takeovers include synergistic gains and its managerial discipl
Many highly paid investment gurus will insist that successful investing is a function of painfully collected experience, expansive research, skillful market tim
Traditionally, investment portfolios are managed by people with years of experience who graduated from the best schools. We are told they have nearly mystical w
In this dissertation, I try to advance our understanding of how managerial discretion and corporate financial flexibility affect various corporate outcomes such