Windfall gains, loss aversion, and the price of a deal: Target CEO equity risk-bearing and acquisition premiums
Published online on February 17, 2026
Abstract
Strategic Organization, Ahead of Print.
In this article, we depart from prior research, which has typically focused on the acquiring firm CEO, and adopt a behavioral agency perspective to examine how self-interested target CEOs’ equity wealth shapes acquisition premium decisions. We argue that ...
In this article, we depart from prior research, which has typically focused on the acquiring firm CEO, and adopt a behavioral agency perspective to examine how self-interested target CEOs’ equity wealth shapes acquisition premium decisions. We argue that ...