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Author:Campbell, Terry L. 

Conference Paper
Incentive compensation for bank directors: the impact of deregulation

Proceedings , Paper 871

Conference Paper
Corporate governance at Japanese banks

Proceedings , Paper 650

Conference Paper
Corporate governance of bank mergers

By investigating the extent to which target directors bargain in their own interests during negotiations between merging banks, we document a strong inverse relation between merger premium and target director retention. This relation holds for both executive (inside) directors and independent outside directors, and other governance mechanisms of targets and bidders fail to diminish this finding. Moreover, individual target director retention is conditioned by the relative size but not by prior target performance. Overall, our results suggest some target directors exercise their bargaining ...
Proceedings , Paper 918

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