{"id":"W2017016968","doi":"10.1016/j.mulfin.2011.07.003","title":"CEO power, M&A decisions, and market reactions","year":2011,"lang":"en","type":"article","venue":"Journal of Multinational Financial Management","topic":"Corporate Finance and Governance","field":"Business, Management and Accounting","cited_by":30,"is_retracted":false,"has_abstract":false,"ca_institutions":"Queen's University; St. Francis Xavier University; University of Ontario Institute of Technology","funders":"","keywords":"Proxy (statistics); Business; Mergers and acquisitions; Incentive; Asset (computer security); Value (mathematics); Power (physics); Market power; Enterprise value; Monetary economics; Executive compensation; Industrial organization; Microeconomics; Accounting; Economics; Finance","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.0006302599,0.0001436282,0.0001857305,0.0003581599,0.0001674275,0.00006913788,0.000226242,0.0000485209,0.0004458279],"category_scores_gemma":[0.0003811721,0.0001310917,0.00009795558,0.0003626469,0.00004441627,0.001082978,0.000129356,0.0001520348,0.00008639379],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.00004954037,"about_ca_system_score_gemma":0.00002731676,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.00006078703,"about_ca_topic_score_gemma":0.00004162692,"domain_scores_codex":[0.9986942,0.000009174946,0.0005151339,0.000165854,0.0004404694,0.0001751433],"domain_scores_gemma":[0.9986132,0.00005527676,0.0007809945,0.0001343701,0.0003970202,0.00001918612],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"observational","study_design_scores_codex":[0.0009299752,0.00102678,0.1124174,0.000190526,0.0001203808,0.0003509985,0.0001542351,0.00006189183,0.0001005349,0.5398281,0.2199574,0.1248618],"study_design_scores_gemma":[0.0005616217,0.000013637,0.5692025,0.00008990614,0.00003015606,0.00001172244,0.00002801909,0.00003912663,0.000002629516,0.009536342,0.4203865,0.00009780974],"study_design_candidate":"observational","study_design_consensus":null,"genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.7949896,0.0005211216,0.02876842,0.002042278,0.002796438,0.0005545139,0.00002039178,0.00006063037,0.1702466],"genre_scores_gemma":[0.9859005,0.0003281372,0.009258376,0.001049243,0.0005875518,0.000008364872,0.000003174539,0.00001735056,0.002847253],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.5302917,"threshold_uncertainty_score":0.5345765,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.03447930902573146,"score_gpt":0.2366685195640308,"score_spread":0.2021892105382993,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}