Minority Blocks and Takeover Premia
This paper analyses takeovers of companies owned by atomistic shareholders and by one minority blockholder, all of whom can only decide to tender or...
Read moreThis paper analyses takeovers of companies owned by atomistic shareholders and by one minority blockholder, all of whom can only decide to tender or...
Read moreFacilitating cross-border mergers and acquisitions has long been one of the objectives of European company law directives and regulations. This...
Read moreWe empirically examine whether and how the doctrine of enhanced judicial scrutiny that emerged from Revlon and its progeny actually affects M&A...
Read moreAntitakeover provisions play a central role in corporate governance research. But there is little agreement over which, if any, provisions actually...
Read moreIn this paper, I draw on economic theory of ownership structure; empirical research on ownership, value and takeovers; and comparisons to US law to argue...
Read moreIn cross-border acquisitions, the differences between the bidder and target corporate governance have an important impact on the takeover returns. We...
Read moreCreeping acquisitions - grabs of a company?s de facto control without the launch of a formal tender offer ? are an acquisition technique that presents...
Read moreWe create a novel classified (staggered) board database covering all U.S. public firms from 1991 to 2020 and document significant differences in...
Read moreWe propose that an active takeover market provides incentives by offering acquisition opportunities to successful managers. This allows firms to...
Read moreThis paper studies the effects of anti-takeover provisions on takeovers and identifies the channels through which they create or destroy value for...
Read moreWe analyze the impact of the right to adopt a poison pill – a “shadow pill” – on pill policy and firm value by exploiting the quasi-natural...
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