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Governance mechanisms and equity prices

We investigate how the market for corporate control ( external governance ) and share - holder activism ( internal governance ) interact. A portfolio that buys firms with the highest level of takeover vulnerability and shorts firms with the lowest level of takeover vulnerability generates an annualized abnormal return of 10 % to 15 % only when public pension fund ( blockholder ) ownership is high as well..Printed Journal

Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit The American Finance Association.,
Edisi -
Subjek Equity
Corporate control
ISBN/ISSN 00221082
Klasifikasi -
Deskripsi Fisik -
Info Detail Spesifik -
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