CEO affective ambivalence and acquisition premiums
Research output: Conference Papers › RGC 32 - Refereed conference paper (without host publication) › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
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| Publication status | Published - 7 Aug 2017 |
Conference
| Title | 77th Annual Meeting of the Academy of Management (AOM 2017) |
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| Place | United States |
| City | Atlanta, Georgia |
| Period | 4 - 8 August 2017 |
Link(s)
| DOI | DOI |
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| Permanent Link | https://scholars.cityu.edu.hk/en/publications/publication(3d1e75a1-d94c-422c-b04c-4391a6ccabd2).html |
Abstract
This study examines the role of CEO affective ambivalence in reducing the size of premiums paid for acquisitions. Based on the law of requisite variety, this study proposes that CEO affective ambivalence expands CEOs cognitive complexity and improves decision quality, reducing acquisition premiums. The relationship between CEO affective ambivalence and acquisition premiums is further weakened by business similarity between the acquirer and the target, and strengthened if the acquisition is cross-border instead of domestic. Analyses of S&P 500 companies during 1996 and 2014 have largely supported our theses.
Bibliographic Note
Research Unit(s) information for this publication is provided by the author(s) concerned.
Citation Format(s)
CEO affective ambivalence and acquisition premiums. / WANG, Linlin; YANG, Haibin.
2017. Paper presented at 77th Annual Meeting of the Academy of Management (AOM 2017), Atlanta, Georgia, United States.
2017. Paper presented at 77th Annual Meeting of the Academy of Management (AOM 2017), Atlanta, Georgia, United States.
Research output: Conference Papers › RGC 32 - Refereed conference paper (without host publication) › peer-review
