Portability of firm corporate governance in mergers and acquisitions
We study the corporate governance portability from bidders to targets in Mergers and Acquisitions and its impact on bidder announcement returns. We find that the bidder’s cumulative abnormal returns are higher in acquisitions where the bidder’s corporate governance quality exceeds that of the target...
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| Format: | workingPaper |
| Language: | eng |
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2022
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| Online Access: | https://hdl.handle.net/1822/79921 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/79921 |