Merger and acquisition : effect of CEO retention on takeover premium

• Main Authors: Wang, Chen Chung, Han, Lindy Yanling, Yi, Yong Xin
• Other Authors: Tham Tze Minn
• Format: Final Year Project
• Language: English
• Published: 2010
• Subjects: DRNTU::Business::Finance::Mergers and acquisitions
• Online Access: http://hdl.handle.net/10356/35541
• Institution: Nanyang Technological University

This paper studies how different variables affect deal premiums in merger and acquisition deals, placing particular focus on the effect of the retention of target firm CEOs on the deal premiums, as measured by the Schwert Premium. We first focus on the general effect of retention on premiums, then...