The Performance of White Knight Management

Carolyn Carroll, John M. Griffith and Patricia M. Rudolph

Financial Management, 1998, vol. 27, issue 2

Abstract: This paper finds that, on average, white-knight managers have previously made bad investment decisions and their value-decreasing bids are thus part of a pattern of bad investment decisions, but that there is almost no tendency for shareholders to replace these inefficient managers.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fma:fmanag:carroll98

Access Statistics for this article

Financial Management is currently edited by Bill Christie

More articles in Financial Management from Financial Management Association University of South Florida 4202 E. Fowler Ave. COBA #3331 Tampa, FL 33620. Contact information at EDIRC.
Bibliographic data for series maintained by Courtney Connors ( this e-mail address is bad, please contact ).