ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to … determine the necessary conditions of the controller's efficiency. The ownership structure and the board of directors rarely …

takeovers. Using a sample of French deals, this paper investigates the impact of shareholder agreements on takeover premiums. A … shareholder agreement is in force in 27.1% of target companies. A positive relationship between shareholder pacts and takeover …

We consider a setting in which two potential buyers, one with a prior toehold and one without, compete in a takeover … modeled as an ascending auction with participating costs. The toeholder is more aggressive during the takeover process because …

We examine how ownership concentration and the separation of ownership and control affect market liquidity in France …

The typical French listed company exhibits a concentrated ownership structure with the largest shareholder typically … period 2000 through 2009 and investigates how such ownership characteristics affect acquirer abnormal returns and acquisition …

the effect of changes in management and the role of state ownership on the performance of privatized firms, we utilize a … panel of 450 Vietnamese firms privatized over the 2000-2004 period. As the state ownership of these firms was determined … ownership of firms as well as in management personnel, which in turn significantly influence the performance of privatized firms …