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Wall Street's attitude toward the CEO-to-employee pay ratio: Evidence from M&As

Using U.S. M&A announcement events, we attempt to understand the market's attitude towards CEO-to-employee pay-ratio. In a sample of 707 M&A events between 2018 and 2021, we find that acquirers' M&A announcement returns are positively associated with their CEO-to-employee pay-ratio. Our findings are...

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Autors principals: Katsiaryna Salavei Bardos, Dev R. Mishra, Hyacinthe Y. Somé, Yuxin Song
Format: Artigo
Idioma:Inglês
Publicat: Elsevier 2026-03-01
Col·lecció:International Review of Economics & Finance
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Accés en línia:http://www.sciencedirect.com/science/article/pii/S1059056025010494
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