ITM Web Conf.
Volume 12, 2017The 4th Annual International Conference on Information Technology and Applications (ITA 2017)
|Number of page(s)
|Session 4: Information Theory and Information Systems
|05 September 2017
Corporate Governance and Bidder Abnormal Returns in M&A
Business School, Beijing Language and Culture University, Beijing, China
we examine how corporate governance influences long-term and short-term bidder returns from China’s domestic mergers and acquisitions during 2010-2016. This paper examines a range of corporate governance measures while controlling for bidder and deal characteristics. Our long-term regression analyses show that the positive impact of executive ownership remains. Independent directors record a negative effect on abnormal returns.)
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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