The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom

Simple item page
dc.contributor.authorGuest, Paul M.
dc.date.accessioned2009-01-21T16:37:58Z
dc.date.available2009-01-21T16:37:58Z
dc.date.issued2009-02
dc.description.abstractThis paper examines the impact of acquisitions by UK acquirers on executive pay. The overall sample shows a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form, although initial cross-border acquisitions result in higher pay. Pay increases are higher following acquisitions of targets with high pay, but not high-pay countries. CEOs are rewarded equally for bad and good acquisitions, and those well rewarded are more likely to re-acquire. However, bad acquisitions do not increase CEO wealth because CEO shareholding value declines. Pay impacts are not affected by the acquiring firms’ strength of corporate governance.en_UK
dc.identifier.citationP. M. Guest. The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom. Economica, Vol. 76, Issue 301, pp149-175, February 2009en_UK
dc.identifier.issn0013-0427
dc.identifier.urihttp://dx.doi.org/10.1111/j.1468-0335.2007.00674.x
dc.identifier.urihttp://hdl.handle.net/1826/3095
dc.language.isoenen_UK
dc.publisherBlackwell Publishingen_UK
dc.subjectExecutive compensationen_UK
dc.subjectacquisitionsen_UK
dc.subjectcross-borderen_UK
dc.subjectprivateen_UK
dc.subjectcorporate governanceen_UK
dc.titleThe Impact of Mergers and Acquisitions on Executive Pay in the United Kingdomen_UK
dc.typePostprinten_UK

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
Impact-Mergers_and_Acquisitions_on_Exec_pay-in-UK-2009.pdf
Size:
261.12 KB
Format:
Adobe Portable Document Format
Download

License bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.88 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Staff publications (SoM)