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Keywords: Board co-option
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Journal Articles
Co-opted boards and bidder performance
Open Access
Journal:
China Accounting and Finance Review
China Accounting and Finance Review (2025) 27 (2): 237–274.
Published: 09 January 2025
... under co-opted boards make value-destructing Mergers and Acquisitions deals. We also show that the relationship between board co-option and acquisition performance is positively moderated by institutional ownership while being negatively moderated by an entrenched board. Our additional tests reveal...
