How and to what extent do managerial control benefits shape the efficiency of the takeover market? We revisit this … dark side, managers' private benefits of control distort firms' takeover incentives and hinder the reallocation role of the … takeover market. On the bright side, fear of a takeover induces underperforming managers to exert more effort and enhances the …

performance. Consistent with our aggravated expropriation hypothesis, we find that pledging firms in China initiate more takeovers … expropriate minority shareholders through self-serving corporate takeovers after the stock pledge …

. This paper analyzes the impact of index fund and ETF ownership on the success of takeover offers in Germany. Based on a … impact of index fund and ETF ownership on takeover success. The fraction of outstanding shares eventually being tendered is …If a bidder launches a takeover offer for a listed company being part of a stock market index, then index funds and …

We investigate the relation between corporate governance characteristics of hostile takeover targets and the choice to … resistance is associated with firms where managers have more pronounced ownership-based and age-related incentives for control …, and directors have equity interests less aligned to stockholders. These firms also have less independent boards, are …

-increasing takeovers when the EOR is present. The model also delivers predictions about announcement returns and the incidence of block …

announcement events. Takeover announcements are not random because managers decide rationally whether to bid or not, this indicates …

ownership among Indonesian IPO firms. To capture the most recent development, the sample comprises 101 firms conducting initial … size, board independence, ownership concentration, and institutional ownership. Providing some support for the signaling … ownership, indicating that the two governance mechanisms play important roles in mitigating information asymmetry between the …

's corporate sector. This study investigates the relationship between ownership structure, board characteristics and financial …