The Market for Corporate Control: The Empirical Evidence Since 1980
AbstractIn 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.
CitationJarrell, Gregg A., James A. Brickley, and Jeffry M. Netter. 1988. "The Market for Corporate Control: The Empirical Evidence Since 1980." Journal of Economic Perspectives, 2 (1): 49-68. DOI: 10.1257/jep.2.1.49
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