search query: @indexterm MANAGERIAL EFFECTIVENESS / total: 283
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| Author: | Ghosh, A. Lee, C.-W.J. |
| Title: | Abnormal returns and expected managerial performance of target firms |
| Journal: | Financial Management
2000 : SPRING, VOL. 29:1, p. 40-52 |
| Index terms: | Rate of return Managerial effectiveness Performance appraisal Agency theory |
| Language: | eng |
| Abstract: | Agency theory suggests that economic gains or abnormal returns from disciplinary acquisitions will be high when target firms have agency problems. On the other hand, non-disciplinary acquisitions will generate high gains when when target firms are being operated efficiently and have few agency problems. |
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