takeover imposed by the market for corporate control. We complement other empirical studies on managerial compensation and … consists of 51 firms in the U.S. oil industry from 1977 to 1994. Third, we employ ex ante measures of the threat of takeover at … the individual firm level which are superior to ex post measures like actual takeover occurrence or past incidence of …

This paper investigates the optimal bidding strategy for the initial bidder in takeover contests. In the theoretical …

the value gains arising from takeovers, hence reducing the takeover premium and mitigating the free-rider problem.(...) …

market liberalization and widespread takeover activity, 1994 to 2000.(...) …

This paper analyzes the interaction between financial leverage and takeover activity. We develop a dynamic model of …, and takeover terms, in which the bidder with the lowest leverage wins the takeover contest. Based on the resulting … bidder is below the industry average and that acquirers should lever up after the takeover consummation. The model also …

takeover risk to the outsourcer.Knowledge translates into cash flows interpreted as asset values modelled as geometricBrownian …