Board Interlocks and the Propensity to be Targeted in Private Equity Transactions

By Toby E. Stuart, Soojin Yim. 2010

267 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9e183c2e75e9f10c5ca5010ca8f3e7c67acb7e54

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Citations in the corpus

The Pre-Deal Phase of Mergers and Acquisitions: A Review and Research Agenda (2020, unknown): “…(Chakrabarti & Mitchell, 2013), or connected through common clients (Rogan & Sorenson, 2014), auditors (Y. Cai, Kim, Park, & White, 2016; Dhaliwal, Lamoreaux, Litov, & Neyland, 2016), or social ties among managers and directors (Ishii & Xuan, 2014; Rousseau & Stroup, 2015; Stuart & Yim, 2010).”
Board Connections and M&A Transactions (2012, background): “…has been a recent and growing literature examining the role of board connections and networks in corporate financial policy.1 In a closely related paper to ours, Stuart and Yim (2010) examine the role of board networks in change-of-control transactions in the private equity industry.”
Critical success factors through the Mergers and Acquisitions process:revealing pre- and post- M&A connections for improved performance (2013, background): “…Ahuja and Katila (2001) examining acquisitions in the chemicals industry, who find that for technological acquisitions, or working on a specific project, to an arm’s-length relationship, such as trading partner, board-interlocks (Stuart & Yim, 2010), or active shareholder with board representation.”
Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, background): “See, e.g., Armstrong et al. (2010); Lin and Su (2008), Murphy and Sandino (2010), and Stuart and Yim (2010).”
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts (2012, unknown): “Stuart and Kim (2010) confirm these findings using a more recent sample, and find in addition that companies that have directors with prior LBO experience are more likely to undergo an LBO transaction.”
Boardroom Centrality and Firm Performance (2013, unknown): “…terms of sales improvements and return on equity; Faccio et al. (2006) establish that politically connected firms have a higher likelihood of receiving bailout assistance; and Stuart and Yim (2010) find that connected firms have a higher propensity to be targeted in mergers and acquisitions deals.”
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.”
Board interlocks and the diffusion of disclosure policy (2014, unknown): “We also follow Stuart and Yim (2010) to examine migrated directors to better understand board stacking.”
How boards’ internal and external social capital interact to affect firm performance (2016, background): “For example, directors with ties to private equity deals will increase the likelihood of private equity deals for the focal firm (Stuart and Yim, 2010).”