The nature of discipline by corporate takeovers

Deskripsi

This paper provides a comprehensive examination of the disciplinary role of the corporate takeover market using a sample of U.S target firms over the period 1979 to 1998. The time period spanned allows a broader study not only of the disciplinary role of takeover market in general, but also of the interaction between the takeover market and alternative governance mechanisms during the 1980s and 1990s..Printed Journal