We aim to assess the impact of acquisitions on growth of European high-tech entrepreneurial firms. The paper explores whether firms acquired by a corporate investor enjoy higher growth than their non-acquired counterparts and whether the effect on target firm growth differs between foreign and domestic acquirers. It also explores whether firms acquired by a corporate […]
Encompassed by maximization of shareholder value ideology, large US corporations raised corporate distributions to record high levels, particularly by share repurchases which provide short-term boosts to their stock prices. Since the early 1980s, the deregulation of the US economy and the financialization wave provided incentives for companies to direct financial resources towards shareholder value instead […]
This paper adds to the empirical evidence on the extent to which the European executives are incentivized and rewarded by stock-based pay. It shows that stock-based compensation of CEOs in European listed firms is usually underestimated and it documents the heterogeneity among countries. We base our work on a sample of 303 large, publicly-traded companies […]
