Stock Market Prices and the Market for Corporate Control
Series number :
- tender offer •
- Market for Corporate Control •
- proxy contest •
- stock market efficiency •
- control contests
The manner in which hostile takeovers have historically been executed has just begun to receive serious academic attention. Similarly, while the literature on the accuracy and determinants of share prices is voluminous, there has been little systematic historical analysis of when and how modern standards of share price efficiency took shape.