作者：Goranova, Maria L.; Priem, Richard L.; Ndofor, Hermann A.; Trahms, Cheryl A.
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; Texas Christian University; Indiana University System; Indiana University Indianapolis; IU Kelley School of Business; Minnesota State Colleges & Universities; Minnesota State University Mankato
摘要：Research summary: We investigate the effects of monitoring by boards of directors and institutional shareholders on merger and acquisition (M&A) performance extremeness using a sample of M&A deals from 1997 to 2006. Both governance research and legal reforms generally have espoused a raise all boats view of monitoring. We instead investigate whether monitoring may serve as a double-edged sword that limits CEO discretion to undertake both value-destroying M&A deals and value-creating ones. Our ...
