By reducing the threat of a hostile takeover, business combination (BC) laws weaken corporate governance and increase the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that while firms in non-competitive industries experience a...

Chapter 1 Monsters on the run: introduction to governing hybrid organisations -- chapter 2 Why do monsters exist? Public, private, and hybrid organisations in perspective -- chapter 3 How to tame monsters: hybridity and its variants -- chapter 4 Setting the path for monsters: how do hybrids...

By reducing the threat of a hostile takeover, business combination (BC) laws weaken corporate governance and increase the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that while firms in non-competitive industries experience a...