Harris, Oneil; Madura, Jeff; Glegg, Charmaine - In: Managerial Finance 39 (2013) 11, pp. 1077-1099
Purpose – Agency theory suggests that if managers are not monitored, takeover negotiations may be contaminated by agency conflicts, which may weaken a firm's bargaining position. This paper argues that some blockholders are more effective monitors than others, and tests whether the negotiating...
