Narrow search
Showing 1 - 10 of 12,726
Cover Image
Winning by Losing: Evidence on Overbidding in Mergers
Malmendier, Ulrike; Moretti, Enrico; Peters, Florian - 2011
Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder value? Answering this question is difficult since the hypotheticalcounterfactual is hard to determine. We exploit merger contests to address the identificationissue. In those...
Persistent link: https://www.econbiz.de/10010326182
Cover Image
An emerging market for corporate control? The Mannesmann takeover and German corporate governance
Höpner, Martin; Jackson, Gregory - 2001
for corporate control have not played a significant role. This case study of the hostile takeover of Mannesmann AG by … both claims by agency theory for the efficiency of takeover markets, as well as the institutional complementarities within …
Persistent link: https://www.econbiz.de/10010333008
Cover Image
Corporate Governance and Shareholder Value in Deutschland
Jürgens, Ulrich; Rupp, Joachim; Vitols, Katrin; … - 2000
crumbling. Change in the direction of shareholder value is therefore limited. The take-over of Mannesmann by Vodafone after a 3 …
Persistent link: https://www.econbiz.de/10010306886
Cover Image
Warum Abwehrmaßnahmen gegen Übernahmen in Spanien?
Alemany, Margalida; Crespi-Cladera, Rafel - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 2, pp. 214-224
The adoption of takeover protections, from the empirical side, has been focused to find supporting evidence to the … decisions for additional takeover defenses are taken. Alternatively, external control gives more negotiation power, allowing for … higher takeover prices, which is expected to increase shareholders' wealth. These two hypotheses have been widely tested in …
Persistent link: https://www.econbiz.de/10010377524
Cover Image
Investor protection and the value of shares: evidence from statutory rules governing variations of shareholders' class rights in Russia
Muravyev, Alexander - 2009
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10010269433
Cover Image
Der Einfluss ökologischer und sozialer Nachhaltigkeit auf den Shareholder Value europäischer Aktiengesellschaften
Schröder, Michael; Rennings, Klaus; Ziegler, Andreas - 2002
Dieses Papier betrachtet den Effekt der Umwelt- und Sozialperformance europäischer Unternehmen auf deren Shareholder Value. Der Shareholder Value wird dabei mit der durchschnittlichen monatlichen Aktienrendite zwischen 1996 und 2001 operationalisiert. Die Studie basiert auf zweistufigen...
Persistent link: https://www.econbiz.de/10010298089
Cover Image
Power, rent extraction, and executive compensation
Bebchuk, Lucian; Fried, Jesse - In: CESifo Forum 03 (2002) 3, pp. 23-28
Persistent link: https://www.econbiz.de/10011695703
Cover Image
Myths of the market
Fligstein, Neil - In: Economic Sociology: European Electronic Newsletter 4 (2003) 3, pp. 2-17
Persistent link: https://www.econbiz.de/10011620864
Cover Image
The Elimination of Broker Voting in Director Elections
Akyol, Ali; Raff, Konrad; Verwijmeren, Patrick - 2012
After pressure from shareholder activists, proxy advisory firms, and the New York Stock Exchange, the Securities and Exchange Commission has eliminated uninstructed broker voting in director elections. We observe that average director approval rates remain high after the change in regulation,...
Persistent link: https://www.econbiz.de/10010326302
Cover Image
The Impact of Financialization on Income Distribution in the USA and Germany: A Proposal for a New Adjusted Wage Share
Duenhaupt, Petra - 2011
Over the recent decades, the USA has witnessed major changes in corporate governance partly due to an overall increase …
Persistent link: https://www.econbiz.de/10010460502