CEO affective ambivalence and acquisition premiums

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)32_Refereed conference paper (no ISBN/ISSN)peer-review

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Detail(s)

Original languageEnglish
Publication statusPublished - 7 Aug 2017

Conference

Title77th Annual Meeting of the Academy of Management (AOM 2017)
PlaceUnited States
CityAtlanta, Georgia
Period4 - 8 August 2017

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.

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)32_Refereed conference paper (no ISBN/ISSN)peer-review