judgments. What determines whether shareholders make the right decision when asked to vote on, say, a merger? This paper takes a …

institutional arrangement. The economic and social costs associated with restructuring driven by hostile takeover bids, which are …

This paper develops and empirically tests a new methodology for evaluating the financial performance of takeovers. The … existing accounting and event study methodologies do not adequately address the key issue of whether takeovers are a positive … that actually result following takeover. In contrast to existing methodologies, we explicitly take account of the cost of …

We review five decades of takeover actively in the UK. We assess the relative characteristics of acquiring and acquired … companies and the performance impacts of merger using both accounting and share price based measures. We conclude that the … fundamental conclusions reached by Ajit Singh about takeovers and the market for corporate control in his seminal contributions of …