Renneboog, Luc; Martynova, M. - Tilburg University, Center for Economic Research - 2008
impact on the takeover returns. Our country-level corporate governance indices capture the changes in the quality of the … orientation (relative to the target), part of the total synergy value of the takeover may result from the improvement in the … governance of the target assets. In full takeovers, the corporate governance regulation of the bidder is imposed on the target …