The Market for Corporate Control: The Empirical Evidence Since 1980

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...

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Bibliographic Details
Published in:The Journal of economic perspectives 1988-01, Vol.2 (1), p.49-68
Main Authors: Jarrell, Gregg A., Brickley, James A., Netter, Jeffry M.
Format: Article
Language:English
Subjects:
Common stock
Empirical evidence
Financial economics
Greenmail
Majority voting
Shareholder rights plans
Shareholders
Stock prices
Symposium: Takeovers
Tender offers
Voting rights
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Summary: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.
ISSN:0895-3309
DOI:10.1257/jep.2.1.49