| Field |
Value |
Language |
|
dc.contributor.author |
Bugeja, M
https://orcid.org/0000-0002-1941-5092
|
|
|
dc.contributor.author |
Shan, Y
https://orcid.org/0000-0003-2156-8722
|
|
|
dc.contributor.author |
Zu, Y |
|
|
dc.date.accessioned |
2023-08-22T05:51:00Z |
|
|
dc.date.available |
2023-08-22T05:51:00Z |
|
|
dc.identifier.citation |
Accounting & Finance |
|
|
dc.identifier.issn |
0810-5391 |
|
|
dc.identifier.issn |
1467-629X |
|
|
dc.identifier.uri |
http://hdl.handle.net/10453/171813
|
|
|
dc.description.abstract |
<jats:title>Abstract</jats:title><jats:p>This study examines if unsuccessful takeovers trigger the replacement of directors and changes in other governance attributes and result in improvements in target firm performance. Using an Australian sample this study finds that following failed bids, target firms are more likely to remove directors and experience an increase in director ownership, board independence, and block ownership. In contrast, target firm director expertise and prestige decrease following failed bids. We also find that post‐bid accounting and stock performance of targets are largely unrelated to changes in governance attributes after the unsuccessful takeover.</jats:p> |
|
|
dc.language |
en |
|
|
dc.publisher |
Wiley |
|
|
dc.relation |
http://purl.org/au-research/grants/arc/DP210101004
|
|
|
dc.relation.ispartof |
Accounting & Finance |
|
|
dc.relation.isbasedon |
10.1111/acfi.13170 |
|
|
dc.rights |
info:eu-repo/semantics/openAccess |
|
|
dc.subject |
1402 Applied Economics, 1501 Accounting, Auditing and Accountability, 1502 Banking, Finance and Investment |
|
|
dc.subject.classification |
Accounting |
|
|
dc.subject.classification |
3501 Accounting, auditing and accountability |
|
|
dc.subject.classification |
3502 Banking, finance and investment |
|
|
dc.subject.classification |
3801 Applied economics |
|
|
dc.title |
The disciplinary role of unsuccessful takeovers and changes in corporate governance |
|
|
dc.type |
Journal Article |
|
|
utslib.for |
1402 Applied Economics |
|
|
utslib.for |
1501 Accounting, Auditing and Accountability |
|
|
utslib.for |
1502 Banking, Finance and Investment |
|
|
pubs.organisational-group |
/University of Technology Sydney |
|
|
pubs.organisational-group |
/University of Technology Sydney/Faculty of Business |
|
|
pubs.organisational-group |
/University of Technology Sydney/Faculty of Business/Accounting Discipline |
|
|
utslib.copyright.status |
open_access |
* |
|
dc.date.updated |
2023-08-22T05:50:59Z |
|
|
pubs.publication-status |
Published online |
|
