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result in significant losses for acquiring firms and their shareholders. Finance scholars have attributed these losses to … shareholders. While corporate law has robust doctrines pertaining to the rights of shareholders of selling firms, it gives little … attention to shareholders of acquiring firms. Under current statutory schemes, acquirer shareholders rarely enjoy any decision …
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We investigate the decision rules for corporate investment by designing a company value frontier. This company value frontier allows for balancing the financial value and social and environmental impacts. This article develops novel value concepts-ranging from shareholder value to shareholder...
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