Which board characteristics matter in acquisitions?
We study 477 randomly-selected acquisitions from the period of 1998 to 2009. We investigated the effect of corporate governance on the acquirer firm performance by documenting the short run cumulative abnormal returns during the respective period of acquisition announcements, and determining the...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2011
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| Online Access: | http://hdl.handle.net/10356/43974 |
| _version_ | 1826122555569733632 |
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| author | Bay, Maurice Min Long Chew, Terence Wei Xin Kwan, Sik Hin |
| author2 | Nanyang Business School |
| author_facet | Nanyang Business School Bay, Maurice Min Long Chew, Terence Wei Xin Kwan, Sik Hin |
| author_sort | Bay, Maurice Min Long |
| collection | NTU |
| description | We study 477 randomly-selected acquisitions from the period of 1998 to 2009. We
investigated the effect of corporate governance on the acquirer firm performance by documenting the short run cumulative abnormal returns during the respective period of acquisition announcements, and determining the various board characteristics that contribute to the abnormal returns. Regression results show a statistical significance for the
following variables: i) presence of financial directors on the board; ii) the social ties between CEO and independent directors of the board; iii) the independent director‟s talent; iv) the gender composition of the board, v) the independent director‟s experience and vi) the distractions faced in their role.
Keywords: acquisitions, corporate governance, firm performance, abnormal returns |
| first_indexed | 2024-10-01T05:50:23Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/43974 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:50:23Z |
| publishDate | 2011 |
| record_format | dspace |
| spelling | ntu-10356/439742023-05-19T03:30:02Z Which board characteristics matter in acquisitions? Bay, Maurice Min Long Chew, Terence Wei Xin Kwan, Sik Hin Nanyang Business School Kim Young Han DRNTU::Business::Finance::Corporate governance We study 477 randomly-selected acquisitions from the period of 1998 to 2009. We investigated the effect of corporate governance on the acquirer firm performance by documenting the short run cumulative abnormal returns during the respective period of acquisition announcements, and determining the various board characteristics that contribute to the abnormal returns. Regression results show a statistical significance for the following variables: i) presence of financial directors on the board; ii) the social ties between CEO and independent directors of the board; iii) the independent director‟s talent; iv) the gender composition of the board, v) the independent director‟s experience and vi) the distractions faced in their role. Keywords: acquisitions, corporate governance, firm performance, abnormal returns BUSINESS 2011-05-16T08:27:35Z 2011-05-16T08:27:35Z 2011 2011 Final Year Project (FYP) http://hdl.handle.net/10356/43974 en Nanyang Technological University 54 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Corporate governance Bay, Maurice Min Long Chew, Terence Wei Xin Kwan, Sik Hin Which board characteristics matter in acquisitions? |
| title | Which board characteristics matter in acquisitions? |
| title_full | Which board characteristics matter in acquisitions? |
| title_fullStr | Which board characteristics matter in acquisitions? |
| title_full_unstemmed | Which board characteristics matter in acquisitions? |
| title_short | Which board characteristics matter in acquisitions? |
| title_sort | which board characteristics matter in acquisitions |
| topic | DRNTU::Business::Finance::Corporate governance |
| url | http://hdl.handle.net/10356/43974 |
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