Similar Search Results

State-owned enterprise governance : a stocktaking of reforms and challenges in Southern Africa

Balbuena, Sara S. - 2014

This report is the first known stocktaking of its kind to provide a regional overview of state-owned enterprise (SOE) governance reforms and challenges across the Southern African Development Community (SADC) region. Part One summarises the challenges and governance practices related to...

Persistent link: https://www.econbiz.de/10010233543

Impact of Canadian SOX from an Acquisition Perspective

Hossain, Ashrafee T - 2012

We examine the effects of Ontario Bill-198 (CSOX-2003), the strictest corporate law in Canada. Despite some drawbacks, we find the Act has added significant value contrary to many practitioners' beliefs. Using a large sample of Canadian tender offers between 1996 and 2009, we find that both...

Persistent link: https://www.econbiz.de/10013097479

Cause and Effects of Poison Pill Adoptions by Spinoff Units

Harris, Oneil - 2012

We find that units are more likely to adopt poisonpills at the time of a spinoff if their parents have anti-takeover provisions in place. In addition, the probability that a spinoff unit adopts a poisonpill is negatively related to outside block ownership, but positively related to the size of...

Persistent link: https://www.econbiz.de/10013106911

Does Good Governance Create Value for International Acquirers in Africa : Evidence from US Acquisitions

Boubakri, Narjess - 2013

Using a sample of US acquisitions in Africa over the last 2 decades, we assess the long term performance of … international acquisitions in Africa, and the impact of firm and country level governance characteristics on reported performance … lower returns. Interestingly, the level of corruption does not affect reported performance. Previous experience in Africa …

Persistent link: https://www.econbiz.de/10013083133

The Case for Market for Corporate Control in Korea

Kim, Hwa-Jin - 2009

This Article offers an assessment of the preliminary evidence that the market for corporate control functions as a disciplinary mechanism for poor corporate governance in Korea. It analyzes SK Corporation's fight against Sovereign Asset Management, contest for control over the Hyundai Group,...

Persistent link: https://www.econbiz.de/10013158454

Takeover Defenses : The Lay of the Land and Disputed Sign Posts

Barry, Jordan M. - 2019

Takeover defenses have long been a topic of considerable interest to scholars of finance and corporate law. Yet the significant amount of attention that researchers have lavished on the topic have produced surprisingly little scholarly consensus. This chapter considers a number of major topics...

Persistent link: https://www.econbiz.de/10012900378

Competition Policy and the Profitability of Corporate Acquisitions

Dissanaike, Gishan - 2019

Merger control exists to help safeguard effective competition. However, findings from a natural experiment suggest that regulatory merger control reduces the profitability of corporate acquisitions. Uncertainty about merger control decisions reduces takeover threats from foreign and very large...

Persistent link: https://www.econbiz.de/10012902705

The Economics of Law Enforcement : Quasi-Experimental Evidence from Corporate Takeover Law

Dissanaike, Gishan - 2020

This paper examines the impact of takeover law enforcement on corporate acquisitions. We use the European Takeover Directive as a natural experiment, which harmonizes takeover law across countries, while leaving its enforcement to the discretion of individual countries. We exploit this...

Persistent link: https://www.econbiz.de/10012822536

The Effect of Poison Pill Adoptions and Court Rulings on Firm Entrenchment

Heron, Randall A. - 2016

We challenge a common presumption that poison pills and two Delaware case rulings in 1995 validating such pills materially entrench firms. Based on unsolicited takeover attempts from 1985 to 2009, we find that poison pills enhance takeover premiums, but do not reduce completion rates....

Persistent link: https://www.econbiz.de/10013003422

How Much is Too Much? Large Termination Fees and Target Distress

Neyland, Jordan - 2016

We provide evidence that large termination fees mitigate contracting problems in acquisitions of targets with high information asymmetry. Large fees are more common if targets face financial constraints or distress. Deals with large termination fees are more likely to attract a competing bid,...

Persistent link: https://www.econbiz.de/10013006042

1
2
3
4
5
6
7
8
9
10
Next
Last