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Why investors sometimes value size and diversification : the internalization theory of synergy
Morck, Randall (contributor); Yeung, Bernard (contributor) - 1997
Persistent link: https://www.econbiz.de/10000982611
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Alternative mechanisms for corporate control
Morck, Randall; Shleifer, Andrei; Vishny, Robert W. - 1988
Persistent link: https://www.econbiz.de/10000754890
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Alternative mechanisms for corporate control
Morck, Randall - In: The American economic review 79 (1989) 4, pp. 842-852
Persistent link: https://www.econbiz.de/10001074277
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Characteristics of hostile and friendly takeover targets
Morck, Randall; Shleifer, Andrei; Vishny, Robert W. - 1987
Persistent link: https://www.econbiz.de/10000732177
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Alternative Mechanisms for Corporate Control
Morck, Randall - 1988
change: internally precipitated management turnover, hostile takeover, and friendly takeover. We find that firms experiencing … is also weaker evidence that hostile takeover targets underperform their industry peers. We interpret this evidence as … relative to industry, but that an external challenge in the form of a hostile takeover is often required when the whole …
Persistent link: https://www.econbiz.de/10012476534
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Alternative Mechanisms for Corporate Control
Morck, Randall - 2013
change: internally precipitated management turnover, hostile takeover, and friendly takeover. We find that firms experiencing … is also weaker evidence that hostile takeover targets underperform their industry peers. We interpret this evidence as … relative to industry, but that an external challenge in the form of a hostile takeover is often required when the whole …
Persistent link: https://www.econbiz.de/10012754746
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The Differences between Hostile & Friendly Takeovers
Morck, Randall - 2014
Compared to an average Fortune 500 firm, a target of a hostile takeover is smaller, older, has a lower Tobin's Q … results suggest that the motive for a takeover often determines its mood. Thus disciplinary takeovers are more often hostile …
Persistent link: https://www.econbiz.de/10013063766
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Business groups and the big push : Meiji Japan's mass privatization and subsequent growth
Morck, Randall; Nakamura, Masao - 2007
Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' -- the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided...
Persistent link: https://www.econbiz.de/10003486322
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Business Groups and the Big Push : Meiji Japan's Mass Privatization and Subsequent Growth
Morck, Randall - 2013
Paul Rosenstein-Rodan argues that economic development requires coordinated investment in many interdependent industries, and prescribes a flood of state-controlled investment across all sectors-a so-called big push. Widespread government failure defeated twentieth-century big push schemes. But...
Persistent link: https://www.econbiz.de/10012711071
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Business Groups and the Big Push : Meiji Japan's Mass Privatization and Subsequent Growth
Morck, Randall - 2007
Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' -- the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided...
Persistent link: https://www.econbiz.de/10012465482