Advanced search
Publication Cover
Applied Economics Letters Volume 30, 2023 - Issue 20
Submit an article Journal homepage
296
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Performance compensation commitment and long-term M&A performance

Chaohua HeSchool of International Trade and Economics, University of International Business and Economics, Chaoyang District, Beijing, P.R. ChinaCorrespondence[email protected]
&
Hanwei ChenSchool of International Trade and Economics, University of International Business and Economics, Chaoyang District, Beijing, P.R. China
Pages 2978-2982 | Published online: 29 Aug 2022

References

  • Bradley, M., A. Desai, and E. H. Kim. 1988. “Synergistic Gains from Corporate Acquisitions and Their Division Between the Stockholders of Target and Acquiring Firms.” Journal of Financial Economics 21 (1): 3–40. doi:10.1016/0304-405X(88)90030-X.
  • Cadman, B. D., R. Carrizosa, and L. Faurel. 2014. “Economic Determinants and Information Environment Effects of Earnouts: New Insights from SFAS 141(R).” Journal of Accounting Research 52 (1): 37–74. doi:10.1111/1475-679X.12036.
  • Cai, Y., and M. Sevilir. 2012. “Board Connections and M&A Transactions.” Journal of Financial Economics 103 (2): 327–349. doi:10.1016/j.jfineco.2011.05.017.
  • Cain, M. D., D. J. Denis, and D. K. Denis. 2011. “Earnouts: A Study of Financial Contracting in Acquisition Agreements.” Journal of Accounting and Economics 51 (1–2): 151–170. doi:10.1016/j.jacceco.2010.05.001.
  • Draper, P., and K. Paudyal. 2008. “Information Asymmetry and Bidders’ Gains.” Journal of Business Finance & Accounting 35: 376–405. doi:10.1111/j.1468-5957.2008.02082.x.
  • Elnahas, A., M. K. Hassan, and G. Ismail. 2017. “Religion and Mergers and Acquisitions Contracting: The Case of Earnout Agreements.” Journal of Corporate Finance 42: 221–246. doi:10.1016/j.jcorpfin.2016.11.012.
  • Haspeslagh, P. C., and D. B. Jemison. 1991. Managing Acquisitions: Creating Value Through Corporate Renewal. New York: The Free Press.
  • Kohers, N., and J. Ang. 2000. “Earnouts in Mergers: Agreeing to Disagree and Agreeing to Stay.” The Journal of Business 73 (3): 445–476. doi:10.1086/209649.
  • Mantecon, T. 2009. “Mitigating Risks in Cross-Border Acquisitions.” Journal of Banking & Finance 33 (4): 640–651. doi:10.1016/j.jbankfin.2008.12.001.
  • Reuer, J. J., O. Shenkar, and R. Ragozzino. 2004. “Mitigating Risk in International Mergers and Acquisitions: The Role of Contingent Payouts.” Journal of International Business Studies 35: 19–32. doi:10.1057/palgrave.jibs.8400053.
  • Viarengo, L., S. Gatti, and A. Prencipe. 2018. “Enforcement Quality and the Use of Earnouts in M&A Transactions: International Evidence.” Journal of Business Finance & Accounting 45 (3): 437–481. doi:10.1111/jbfa.12314.
  • Wang, C., and F. Xie. 2008. “Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions.” The Review of Financial Studies 22 (2): 829–858. doi:10.1093/rfs/hhn018.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.