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 …

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 … consistent with the idea that the board of directors is capable of firing managers whose leadership leads to poor performance …

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 … consistent with the idea that the board of directors is capable of firing managers whose leadership leads to poor performance …

diversifies, when it buys a rapidly growing target, and when its managers performed poorly before the acquisition. These results …

, when it buys a rapidly growing target , and when the performance of its managers has been poor before the acquisition …

, when it buys a rapidly growing target , and when the performance of its managers has been poor before the acquisition …