In contrast, the market does not consider lobbying positively in poorly governed firms with entrenched managers who may undertake value-destroying acquisitions.
Similarly, overconfidence leads CEOs to overpay for target companies and to undertake value-destroying mergers (Malmendier and Tate 2008).
Managers may undertake value-destroying diversification to entrench themselves or to empire-build (Amihud and Lev 1981; Jensen 1986).
Similarly, Li and Tang (2010) find that risk taking of a company relates positively to the CEO's overconfidence, leading CEOs to overpay for target companies and to undertake value-destroying mergers (Malmendier and Tate 2008).
Bauguess and Stegemoller (2008) examine the relation between ATPs and bidder announcement returns for S&P500 firms during 1994 2005 and find that ATPs are unrelated to bidder returns and conclude that ATPs do not encourage managers to undertake value-destroying acquisitions.
Following hip fracture, for those who had some prefracture mobility and were able to articulate what they value during recovery, stable mobility, that is, mobility without the experience of or fear of falling, and mobility that allows people to undertake valued activities are most valued.
He added that Dunstone and his chief executive, Roger Taylor, already had a "strong track record of undertaking value-enhancing transactions with Best Buy".
At the last count, the Fundação Dom Cabral, a business school, reckoned there were more than 40 large Brazilian firms undertaking value-adding activities in different parts of the world.
(Participant 9, female, age 92 , 18weeks post operation) Participants who no longer undertook valued activities that involved significant mobility were content to continue as they were, for example, occupying themselves with visits from family and reading.
While we did not find evidence of Peer Workers being asked to undertake low value tasks, our analysis does suggest that clarity of expectation at the point of recruitment is crucial, and that the informal or semi-formal recruitment processes in place in our cases did not facilitate shared expectation.
