The primary objective of this article is to assess general research opinions, barriers to using
sophisticated financial management decision-making techniques, and the understanding, …

As corporate managers interact with non-shareholder stakeholders, potential tradeoffs emerge
and questions arise as to how these interactions impact shareholder value. We argue that …

We examine the performance of 84 firms that adopt value‐based management (VBM)
systems during the period 1984‐1997. The typical firm significantly improves matched‐firm‐…

We directly test the impact of increases in global and industrial diversification on firm value
and operating performance. Our sample represents 194 US firms that acquired foreign …

… Trahan … Trahan is an associate professor and the Joseph G. Riesman Research
Professor in the College of Business Administration at Northeastern. …

In this paper we investigate the effect of golden parachute (GP) adoptions on shareholder
wealth. We control for the potential effect a GP adoption has on the probability that a firm will …

… Author Notes: Paul Bolster and Emery Trahan are professors and Coleen Pantalone is an
associate … Emery Trahan is grateful for financial support provided by the Donald F. Harding …

… In pe M w in pr Ou un in sh hy (pe ca als an m N in co ea th Sin ea ea We measure
investment as of 1988. We calculate permanent earnings using 1988-1994 data. An example of …

Employing an EVA style classification, we examine whether active investors (such as hedge
funds and other long-short investors) can develop an alpha-generating strategy by …

conclusions. II. The Motivations of Acquiring Firms There is no rigorous, comprehensive
theoretical model of the acquisition process. The goal of this study is to provide a descriptive …