Board Connections and M&A Transactions

By Ye Cai, Merih Sevilir. 2012

584 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5a51eb88e1a0547635749186e47b9565796ab93d

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Citations in the corpus

Board interlocks and the diffusion of disclosure policy (2014, unknown): “A growing body of research (e.g., Cohen, Frazzini, and Malloy 2008; Bizjak et al. 2009; Stuart and Yim 2010; Brown 2011; Cai and Sevilir 2012; Engelberg, Gao, and Parsons 2012) examines the role of board networks in corporate financial policy.”
Motivated monitors: The importance of institutional investors׳ portfolio weights (2015, unknown): “The mean leverage for our target firms is slightly above 21% which is comparable to that of 20% in Cai and Sevilir (2012).”
Social Capital, Investments and External Financing (2015, unknown): “In addition, this study adds to the emerging literature on the effects of social capital on corporate decision-making and capital markets (e.g., Engelberg et al. 2012; Cai et al. 2012; Cai and Sevilir, 2012, Fracassi 2014).”
Politically Connected Boards of Directors and the Allocation of Procurement Contracts (2013, background): “…More recently, several empirical papers have highlighted a potential additional role played by board members and that is to use the director’s personal connections to further shareholders’ interests (e.g. Güner, Malmendier, and Tate, 2008; Goldman, Rocholl, and So, 2009; and Cai and Sevilir, 2012).”
Board Interlocks and Earnings Management Contagion (2013, background): “Cai and Sevilir (2009) find that greater board connections between acquirers and targets increase acquirer announcement returns and lower takeover premiums. However, Ishii and Xuan (2010) find that alumni ties between acquirers’ board members/executives and target firm board directors/executives lea”
CEO network centrality and merger performance (2015, background): “Studying network position and its behavioral and economic implications adds to prior literature that focuses on the presence of bilateral connections between pairs of transacting parties (e.g., Cai and Sevilir, 2012; Ishii and Xuan, 2014; Cohen et al., 2010; Engelberg et al., 2012).”
Busy Directors and Firm Performance: Evidence from Mergers (2018, unknown): “41 Andres and Lehmann (2010), Cai and Sevilir (2012), among others.”
Shared Auditors in Mergers and Acquisitions (2016, unknown): “6 See, for example, Agrawal, et al. (2012), Bizjak, Lemmon, and Whitby (2009), Cai and Sevilir (2012), and Stuart and Yim (2010). service, involvement and advice to their clients’ in the deal process.”
Corporate Finance Policies and Social Networks (2017, background): “Cai and Sevilir (2012) finds that board connections influence M&A activity.”