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Blockholder Identity, Equity Ownership Structures, and Hostile Takeovers

Gorton, Gary - 1999

-cost free' capital is scarce. We investigate the allocation of this scarce resource. A hostile takeover is the consequence of a … investors. Even though all firms are ex ante identical, some may rely on the takeover mechanism while others rely on permanent …

Persistent link: https://www.econbiz.de/10012471671

Foreign Ownership and Firm Performance : Emerging-Market Acquisitions in the United States

Chari, Anusha - 2009

This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...

Persistent link: https://www.econbiz.de/10012463861

Conflicts of Interests Among Shareholders : The Case of Corporate Acquisitions

Harford, Jarrad - 2007

We identify important conflicts of interests among shareholders and examine their effects on corporate decisions. When a firm is considering an action that affects other firms in its shareholders' portfolios, shareholders with heterogeneous portfolios may disagree about whether to proceed. This...

Persistent link: https://www.econbiz.de/10012465377

Spending Less Time with the Family : The Decline of Family Ownership in the UK

Franks, Julian - 2004

Family ownership was rapidly diluted in the twentieth century in Britain. The main cause was equity issued in the process of making acquisitions. In the first half of the century, it occurred in the absence of minority investor protection and relied on directors of target firms protecting the...

Persistent link: https://www.econbiz.de/10012468064

Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms

Hubbard, R. Glenn - 1995

This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial ownership and the stock returns of acquiring firms in corporate control transactions. At low levels of managerial ownership, agency costs of equity (such as perquisite...

Persistent link: https://www.econbiz.de/10012473808

Taxes and the Form of Ownership of Foreign Corporate Equity

Gordon, Roger H. - 1992

Investors can achieve international diversification in their portfolios not only through purchasing foreign equity directly but also through investing in domestic firms which then invest abroad. Yet these alternative approaches are taxed very differently. A number of countries have also imposed...

Persistent link: https://www.econbiz.de/10012474809

The History and Politics of Corporate Ownership in Sweden

Hogfeldt, Peter - 2004

families and banks controlled the largest listed firms in Sweden. The Social Democrats have de facto been the guarantor rather …

Persistent link: https://www.econbiz.de/10012468052

Swedish Firms Acquired by Foreigners : A Comparison of Before and After Takeover

Lipsey, Robert E. - 1982

relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output … year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The …

Persistent link: https://www.econbiz.de/10012478083

Foreign Takeovers of Swedish Firms

Lipsey, Robert E. - 1981

ion of firms for takeover is based on f inn characteristics, not industry characteristics. After takeover by foreigners …, by the crude measurements we have been able to apply so far, do not seem to be affected in any consistent way by takeover …

Persistent link: https://www.econbiz.de/10012478480

The Effect of Offer-of-Settlement Rules on the Terms of Settlement

Bebchuk, Lucian Arye - 2000

Under an offer of settlement' rule, a party to a lawsuit may make a special offer to settle with the other party, such that if the other party rejects this offer, then this offer (unlike an ordinary offer) becomes part of the record in the case and may affect the allocation of litigation costs....

Persistent link: https://www.econbiz.de/10012471084

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