Bidder Hubris and Founder Targets

نویسندگان
چکیده

منابع مشابه

Hubris and Sciences

There has been an increasing awareness of the importance of leadership and decision making, including scientists and academics, over recent times. By whom and how decisions are made can have serious implications across all levels of society. Several people have been successful in their life and have been inflicted by excessive pride and self-confidence. There are times when the manifestations o...

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Hubris syndrome is associated with power, more likely to manifest itself the longer the person exercises power and the greater the power they exercise. A syndrome not to be applied to anyone with existing mental illness or brain damage. Usually symptoms abate when the person no longer exercises power. It is less likely to develop in people who retain a personal modesty, remain open to criticism...

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Hubris , Learning , and M & A

Recent empirical results have found a declining trend in the cumulative abnormal return (CAR) of acquiring firms during an M&A program. Should one conclude that CEOs undertaking M&As are infected by hubris and unable to learn? We first confirm the existence of this declining trend. However, we find a positive CAR trend for CEOs most likely to be infected by hubris and a negative (and significan...

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Bidder collusion

Within the heterogeneous independent private values model, we analyze bidder collusion at ...rst and second price single-object auctions, allowing for within-cartel transfers. Our primary focus is on coalitions that contain a strict subset of all bidders. To analyze collusion, a richer environment is required than in the analysis of non-cooperative behavior. We must account for the possibility ...

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ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2012

ISSN: 1556-5068

DOI: 10.2139/ssrn.2019743