The Journal of Economic Perspectives · 1988 · 1.1K citations · 34 references
LawBusiness EconomicsCorporate GovernanceCorporate FinanceFinancial EconomicsMergersCorporate Control TransactionsCorporate Governance MechanismsHostile TakeoversOwnership StructureShareholder ProtectionTakeover DefensesAnti-takeover DefensesControlling Shareholder ExpropriationCorporate Control MechanismsCorporate Control StructuresCorporate Control SystemsHostile Takeover BidsTakeover Defense DecisionsTakeover Strategy
In the 1980s, the market for corporate control has been increasingly active, and the quantity of output of academic researchers studying corporate control questions has mirrored the market activity. This review examines the returns to bidders and targets, and the effects of defending against hostile takeovers.
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Stephen J. Brown, Jerold B. Warner · Journal of Financial Economics · 1985 · 6.6K citations
The market for corporate control
Michael C. Jensen, Richard S. Ruback · Journal of Financial Economics · 1983 · 4.2K citations