The Effects of Takeover Laws on Corporate Financing Policies

Takeover laws' negative effect on equity financing is more pronounced for firms with higher financial constraints and for firms in countries with strong ...

Takeover Law and Practice: Current Developments

... the impact of the current corporate governance debates. In recent ... policy significance or sought to micromanage a company. Although ...

DERA Working Paper: Do Takeover Laws Matter? Evidence from ...

Other studies examining state anti-takeover laws and their effect on corporate governance have ... and Harry DeAngelo, 1988, Corporate financial policy and ...

The Effect of International Takeover Laws on Corporate Resource ...

While we find some evidence that takeover laws deter managers from acquiring and retaining excess resources (market discipline), we find more prevailing ...

Corporate Takeover Defense: A Shareholder's Perspective

The defensive strategies a company employs to thwart a hostile takeover can have a significant impact on its shareholders, including sometimes a decline in ...

The Law and Finance of Anti-Takeover Statutes

Francis, Iftekhar Hasan, Kose John & Liang Song, Corporate Governance and Dividend Payout Policy: A Test Using Antitakeover Legislation, 40(1) Fin. Mgmt. 83 ( ...

Does takeover activity cause managerial discipline? Evidence from ...

large empirical literature in corporate finance analyzes the effects of takeover activity on ... Nenova, Tatiana, 2006, Takeover laws and financial development, ...

Takeovers and Leveraged Buyouts - Econlib

“The Economic Effects of Federal and State Regulations of Cash Tender Offers. ... “The Takeover Wave of the 1980s.” Journal of Applied Corporate Finance 4, no.

Corporate Control: Markets and Rules

The Imprisonment of the Free-riding Shareholder' 19 Journal of Financial. Economics 283 (1987). 6 See, for example: The Takeover Panel Guinness PLC. The ...

Life Cycle Effects of Corporate Takeover Defenses - Oxford Academic

We document that the relation between firm value and the use of takeover defenses is positive for young firms but becomes negative as firms age.

The Uncertain Case for Takeover Reform: An Essay on Stockholders ...

Professor Coffee suggests that state anti-takeover laws could (but do not) function to protect other stakeholders, including corporate management, in the target ...

Who Writes the Rules for Hostile Takeovers, and Why? The Peculiar ...

Organizations Law Commons, Comparative and Foreign Law Commons, Corporate Finance ... Harris,. Shareholder Wealth Effects of Corporate Takeovers: The U.K. ...

Chapter 11: Corporate takeover defenses in - Elgaronline

Takeover defenses, also called antitakeover provisions, reflect decades of innovation in the interplay of offensive and defensive tactics in ...

(PDF) Takeover Laws and Financial Development - ResearchGate

... regulation, in this casetakeover market rules, and helps determine relevant policy implications. ... the effect of stricter takeover regulations on the companies'.

Effecting a Takeover | United States | Global Public M&A Guide

Such state corporate laws will also determine whether shareholders may seek an appraisal of their shares in lieu of accepting the merger ...

takeover law to protect shareholders: increasing

Despite its positive effects for minority shareholders, the mandatory bid rule may reduce the efficiency of the market for corporate control, for example by ...

The Evolution of Hostile Takeover Regimes in Developed and ...

John Armour, Enforcement Strategies in U.K. Corporate Governance, in RATIONALITY IN COMPANY ... See Jairus Banaji, Thwarting the Market for Corporate Control: ...

International takeover laws and corporate cash holdings - Yang - 2023

These firms decrease dividends and capital expenditure and increase cash-based acquisitions in the post-M&A law period. Additional analysis ...

The Effects of Anti-takeover Provisions on Acquisition Targets ...

Managerial control of voting rights: Financing policies and the market for corporate control. Journal of Financial Economics 20, 25-54. Szewczyk, S.H. ...

18 Takeovers and Takeover Policy - Oxford Academic

It examines why takeover waves occur, and why they rise and fall. It then examines the market for corporate control in civil law and non-civil law countries ...