Corporate Takeovers : Causes and Consequences.
Title:
Corporate Takeovers : Causes and Consequences.
Author:
Auerbach, Alan J.
ISBN:
9780226032160
Personal Author:
Physical Description:
1 online resource (354 pages)
Series:
National Bureau of Economic Research Project Report
Contents:
Contents -- Preface -- Introduction. Alan J. Auerbach -- 1 The Impact of Firm Acquisitions on Labor. Chares Brown and James L. Medoff. Comment: Geoffrey Carliner.. Comment: Henry S. Farber -- 2 Breach of Trust in Hostile Takeovers. Andrei Shleifer and Lawrence H. SUmmer. Comment: Bengt Holmstrom. Comment: Oliver E. Williamson -- 3 The Effect of Takeover Activity on Cororate Research and Development. Bronwyn H. Hall. Comment: Charles Brown. Comment: Ariel Pakes -- 4 Characteristics of Targets of Hostile and Friendly Takeovers. Randall Mørck, Andrei Shleifer, and Robert W. Vishny. Comment: Oliver S. D'Arcy Hart. Comment: Michael C. Jensen -- 5 Do Target Shareholders Lose in Unsuccessful Control Contests? Richard S. Ruback. Comment: Andrei Shleifer. Comment: Robert W. Vishny -- 6 The Effects of Taxation on the Merger Decision. Alan J. Auerbach and David Reishus. Comment: James M. Poterba. Comment: John B. Shoven -- 7 Share Repurchases and Acquisitions: An Analysis of Which Firms Participate. Laurie Simon Bagwell and John B. Shoven. Comment: David F. Bradford. Comment: Jerry R. Green -- 8 Means of Payment in Takeovers: Results for the United Kingdom and the United States. Julian R. Franks, Robert S. Harris, and Colin Mayer. Comment: Artur Raviv. Comment: Richard S. Ruback -- 9 A Time-Series Analysis of Mergers and Acquisitions in the U.S. Economy. Devra L. Golbe and Lawrence J. White. Comment: Steven C. Salop. Comment: Robert A. Taggart, Jr. -- 10 Panel Discussion: Corporate Takeovers and Public Policy. Joseph A. Grundfest, Gregg Jarrell, Steven C. Salop, and Lawrence J. White -- List of Contributors -- Name Index -- Subject Index.
Abstract:
The takeover boom that began in the mid-1980s has exhibited many phenomena not previously observed, such as hostile takeovers and takeover defenses, a widespread use of cash as a means of payment for targeted firms, and the acquisitions of companies ranking among the largest in the country. With the aim of more fully understanding the implications of such occurances, contributors to this volume consider a broad range of issues as they analyze mergers and acquisitions and study the takeoveer process itself.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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