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The Market for Corporate Control: The Empirical Evidence Since 1980
The Journal of Economic Perspectives · 1988 · Vol. 2(1) · pp. 49–68
Gregg A. Jarrell✉(Psychiatric Medicine Associates)James A. Brickley(University of Rochester)Jeffry M. Netter(United States Securities and Exchange Commission)
Abstract
In 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.
Corporate Finance and GovernanceBanking stability, regulation, efficiencyCorporate Insolvency and GovernanceMarket for corporate controlControl (management)Corporate financeEconomicsEmpirical evidenceBusinessAccountingCorporate governanceMonetary economicsFinance
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References
Using daily stock returns
Journal of Financial Economics · 1985 · 6,526 citations
The market for corporate control
Journal of Financial Economics · 1983 · 4,200 citations
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