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This article examines the link between the integration processes at work in acquired companies and the results of acquisition. New questions are raised concerning the underlying mechanisms of the integration process, in which it is essential to identify those factors that lend value to the...
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For many specialists of territorial networks, the question of governance is crucial. Nevertheless, few works have focused on this subject. In a context where this kind of network is multiplying, and in view of the mixed results of the experiments carried out up until now, this article offers a...
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We analyze the impact of takeover threats on long term relationships between the target owners and other stakeholders …’ incentive to invest. The threat of a takeover that would transfer value from the stakeholders reduces their ex ante investment …. However, the stakeholders may appropriate ex post some value created by a takeover. This can prevent some value …
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takeover bids; and (iii) the stock liquidity is low. …
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This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business … surplus from the buyer. The possibility of a takeover that leaves the buyer with a higher (lower) rent than the incumbent … on the performance of takeover targets and trade credit. …
Persistent link: https://www.econbiz.de/10010709026
Shareholder agreements govern the relations among shareholders in privately held firms, such as joint ventures and venture capital-backed companies. We provide an economic explanation for key clauses in such agreements—namely, put and call options, tag-along and drag-along rights, demand and...
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