The acquisitiveness of youth: CEO age and acquisition behavior

By Soojin Yim. 2013

641 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/1a604e845ead4a7ea2b5a7d101dee998b5875629

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Citations in the corpus

Does policy uncertainty affect mergers and acquisitions? (2017, neutral): “…market considerations (Hoberg and Phillips, 2010), risk management (Garfinkel and Hankins, 2011), corporate liquidity (Almeida, Campello, and Hackbarth, 2011), and CEO traits and preferences (Goel and Thakor, 2010; Yim, 2013; Ferris, Jayaraman, and Sabherwal, 2013; Jenter and Lewellen, 2015).”
The Pre-Deal Phase of Mergers and Acquisitions: A Review and Research Agenda (2020, neutral): “The empirical findings indicate that CEOs who are young and male (J. Huang & Kisgen, 2013; Levi, Li, & Zhang, 2010; Yim, 2013), non-Republican (Elnahas & Kim, 2017), overconfident (Billett & Qian, 2008; Hayward & Hambrick, 1997; Malmendier & Tate, 2008; Malmendier & Tate, 2015), narcissistic (A.…”
Corporate Governance and Firm-Specific Stock Price Crashes (2016, neutral): “an effect of corporate governance attributes on crash risk, even if it exists [Zhou (2001); Wintoki et al.”
CEO Investment cycles (2016, background): “Yim (2013) finds that younger CEOs are more likely to engage in acquisitions than older CEOs.”
Behavioral CEOs: The Role of Managerial Overconfidence (2015, neutral): “explosion in stock option grants might be attributable to the nearly two decades of bull market conditions after 1987. Executives who had not personally experienced a major market downturn were eager to receive option compensation, especially after having witnessed the substantial fortunes it create”
The influence of CEO demographic characteristics on corporate risk-taking: evidence from Chinese IPOs (2016, background): “Yim (2013) finds that there is a negative link between CEO age and corporate acquisitions.”
The role of investment banker directors in M&A (2014, methodology): “Prior research has shown that CEO and board characteristics have significant effects on firms' acquisition policy (Lewellen, Loderer, and Rosenfeld, 1985; Cotter, Shivdasani, and Zenner, 1997; Bertrand and Schoar, 2003; Yim, 2013).”
Do CEOs Matter to Firm Strategic Actions and Firm Performance? A Meta-Analytic Investigation Based on Upper Echelons Theory (2016, background): “Lured by the prospect of large financial returns, they may initiate aggressive strategic actions to generate personal and organizational wealth (Yim, 2013). However, due to their limited experiences, they often lack the complex and well-developed cognitive schema that older CEOs have. In turn, young”