The takeover standards that we learn and teach in law school, Revlon, Unocal, Weinberger, and Blasius, appear to be in decline. In this chapter for the...
We document that the relation between firm value and the use of takeover defenses is positive for young firms but becomes negative as firms age. This value...
Hostile takeovers are commonly thought to play a key role in rendering managers accountable to dispersed shareholders in the Anglo-American system of...
The more the target knows about the bidder, the more difficult it is to pay with overpriced shares. Thus, under bidder opportunism, the fraction of stock...
Non-executive directors associated with poison pill adoption experience a decrease in shareholder votes, an increase in termination rates across all...
Innovation and its main output, technology, are changing the way we work, socialise, vote, and live. New technologies have improved our lives and made...