Takeover threats and managerial myopia
Web1 Mar 2024 · Our results are robustly in favor of the managerial myopia hypothesis, suggesting that more takeover exposure results in less complex firms. To minimize … Web1 Jan 2012 · According to this view, takeover pressures are likely to motivate less-protected managers to inflate near-term earnings by manipulating real activities such as reducing long-term investments ( Stein, 1988 ). As takeover protection reduces takeover threats, managers would feel lower pressure to boost reported earnings through this myopic …
Takeover threats and managerial myopia
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Web28 Oct 2024 · Stein J. C. (1988) Takeover threats and managerial myopia. The Journal of Political Economy 96(1): 61–80. Crossref. Google Scholar. The Aspen Institute. (2007, … WebL. Rev. 1028, 1047 (1982) (arguing that the threat of takeovers induces managers to do more to maximize profits). 17 See, e.g., Jeremy C. Stein, Takeover Threats and Managerial Myopia, 96 J. Pol. Econ. 61 (1988) (analyzing how myopic behavior might arise when takeover threats lead managers to seek high stock price in short term);
Web24 Jan 2012 · Takeover Protection and Managerial Myopia: Evidence from Real Earnings Management. Yijiang Zhao, Kung H. Chen, +1 author. Michael L. Davis. Published 24 … Web11 Apr 2024 · Stein, J. “ Takeover Threats and Managerial Myopia.” Journal of Political Economy, 96 (1988), 61 ...
WebOur results demonstrate that more takeover vulnerability leads to less complex firms. Hostile takeover threats diminish managers{\textquoteright} job security and thus … Web15 Jul 2009 · Apart from undermining capability development, myopic managers also fail to identify relevant threats in their environment, either from a competitor (Downing et al., 2024) or due to being unable...
WebTakeover Threats and Managerial Myopia. Jeremy Stein () Journal of Political Economy, 1988, vol. 96, issue 1, 61-80 Abstract: This paper examines the familiar argument that …
Web30 Aug 2024 · This study examines the effects of hostile takeover threats on managerial efforts to innovate. Our results show that more active hostile takeover markets stifle … chicken salad chick clarksville indianaWeb5 Nov 2024 · Practitioners often claim that takeover pressure induces managerial myopia (short-termism), but academic research provides limited empirical evidence supporting … chicken salad chick cinco ranchWebWhether due to the manager's own poor performance or due to infor-mation asymmetry or capital market myopia, a hostile takeover is a threat to the manager's job security and to … chicken salad chick chipsWeb27 Jun 2024 · Takeover Threats and Managerial Myopia. J. Stein; Business. Journal of Political Economy. 1988; This paper examines the familiar argument that takeover pressure can be damaging because it leads managers to sacrifice long-term interests in order to boost current profits. If stockholders are … Expand. goose fishingWeb30 Jul 2015 · Stein, Jeremy C. 1988. “ Takeover Threats and Managerial Myopia .”. Journal of Political Economy 96 (1): 61-80. Download Citation. jpe-1988.pdf. 2.08 MB. Last … goose flapping its wingsWebIn fact, it is difficult to find any corporate control threats that have had the goal or effect of increasing investment. Third, and at the same time, the rising concentration of large … goose flesh什么意思Web12 Apr 2024 · Our findings suggest that the threat of takeover causes managerial discipline through the incentives that the market for corporate control provides to boards to monitor managers. (JEL G34, G38, K22) goose float plane