Board Connections, Director Retention and Takeovers

Hao Li, Edward Jones

    Research output: Contribution to conferencePaperpeer-review


    The purpose of this paper is to examine the impact of board connection and retention on takeover characteristics. Using UK data from 1999-2015, we document that board connection when a takeover is announced and target board retention after the deal is completed are related with various takeover characteristics. More specifically, board connection and retention leads to a lower final offer price change and lower cash payment. We also find that board connection is positively related with the probability of target director retention.
    Original languageEnglish
    Publication statusUnpublished - 2016
    EventBritish Accounting and Finance Association Annual Conference 2016 - University of Bath, Bath, United Kingdom
    Duration: 21 Mar 201623 Mar 2016


    ConferenceBritish Accounting and Finance Association Annual Conference 2016
    Abbreviated titleBAFA 2016
    Country/TerritoryUnited Kingdom


    Dive into the research topics of 'Board Connections, Director Retention and Takeovers'. Together they form a unique fingerprint.

    Cite this