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The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the …
Persistent link: https://www.econbiz.de/10011195287
The deregulation process in the EU electricity sector triggered strategic decisions that led to industry restructuring …
Persistent link: https://www.econbiz.de/10010762822
This paper analyses takeovers of companies owned by atomistic shareholders and by one minority blockholder, all of whom can only decide to tender or retain their shares. As private benefit extraction is inefficient, the post-takeover share value increases with the bidder's shareholdings. In a...
Persistent link: https://www.econbiz.de/10005497773
(deregulation) and improving contractual enforcement (legal reform). Deregulation fosters entry, thereby increasing the number of … deregulation, as it preserves incumbents' rents, while at the same time allowing the less efficient among them to transfer control …
Persistent link: https://www.econbiz.de/10005124360
This study analyzes the interaction of agency problems in public policy and of agency problems inside the firm: it investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization were designed to promote a disperse ownership and...
Persistent link: https://www.econbiz.de/10005413213
Deregulation is endogenous. It is preceded by poor industry performance and is predictable with performance variables …. These results imply that merger activity following deregulation should be systematically related to poor pre-deregulation … industry performance. Consistent with this hypothesis, I find that post-deregulation mergers serve a contractionary role …
Persistent link: https://www.econbiz.de/10010664738
Persistent link: https://www.econbiz.de/10010706616
Das deutsche System der industriellen Beziehungen weist im internationalen Vergleich gemeinhin ein hohes Mass an Verrechtlichung auf. Umso ueberraschender ist der Umstand, dass das Recht und seine Akteure, Institutionen und Verfahren in der Forschung ueber Arbeitsbeziehungen seit Jahrzehnten...
Persistent link: https://www.econbiz.de/10011152604
's deregulation. We focus on unique internal restructuring transactions called “spin-ins” that are triggered by the Amendment of the … argument that the keiretsu system has transformed itself into a more efficient organization through the recent deregulation in …
Persistent link: https://www.econbiz.de/10011043177
(deregulation) and improving contractual enforcement (legal reform). Deregulation fosters entry, thereby increasing the number of … deregulation, as it preserves incumbents’ rents, while at the same time allowing the less efficient among them to transfer control …
Persistent link: https://www.econbiz.de/10011071299