and application of the Proper Purpose Rule (the Rule or the PPR) in the Context of a Takeover Battle. As codified in … decision is also significant in re-affirming the conventional approach of an English takeover regime towards restricted power … of a target board of directors when a company becomes the subject of a corporate raid, or a hostile takeover; an approach …

empire-building CEOs. The prospect of a future takeover means that CEOs with no ownership stake will over-invest in some …'s position in a hostile takeover induce raiders to launch friendly takeovers sooner. The increased takeover threat induces CEOs … takeover gains are high. Optimal ownership-generated incentives and the market for corporate control add more value after …

number of citations to patents. Thus managers who are protected from takeover market perform worse on innovation. However …

of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone … costs, we find strong evidence that target CEO preferences affect merger patterns. The likelihood of receiving a takeover … in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …