In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus according to a recent study. Also target shareholders received inferior premiums when their firms were sold while their CEOs received a merger bonus.
Wesley Gray, Ph.D., assistant professor of finance, recently co-authored a book, Quantitative Value, which addresses intelligent investing and eliminating behavioral errors associated with choosing stocks.
By offering potential investors more choices with respect to fees charged and the required time for keeping their capital invested, Erik Benrud, Ph.D., clinical professor of finance at Drexel LeBow, demonstrates in his recent article in Financial Decisions that hedge fund managers can keep more capital invested even in the face of a financial crisis and a declining number of such investors.
