A carregar...
Publicação
The effect of board chacteristics on short- term acquisition returns: a North- American perspective
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 827.32 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This paper investigates the effect that experience and diversification board have on short-term acquisition returns for investors. Additionally, it assesses whether the crisis changed the effect that board characteristics have on the short-term acquisition returns. It is found that several board experience characteristic do result in higher short-term acquisition returns for investors when taking the crisis into account these returns mainly persist in the post-crisis era, but not anymore in the pre-crisis era. For board diversification on the other hand, not many effects are found. The main finding here is that more woman on a board improves the short-term acquisition returns.
Descrição
Palavras-chave
Board experience Board diversification Aquisition announcements Short-term returns Financial crisis