for target shareholders because of the potential conflict of interest of the CEO, it is also possible that target … shareholders could benefit from CEO retention because it can increase the performance of the acquired firm and, consequently … harms shareholders in acquisitions involving private equity firms. In fact, we show that better performing target CEOs are …

materially entrench firms. Based on unsolicited takeover attempts from 1985 to 2009, we find that poison pills enhance takeover … among the targets, the effectiveness of the pills that were used, the completion rate of the takeover attempts, nor the … takeover premiums …

shareholder derivative litigations more difficult, we show that reduced litigation threats improve corporate takeover efficiency …

clear contrasts in approach, regarding the balance of power between shareholders and the board of directors, are evident … discusses the rise of takeovers and takeover defences in the United States. Against this backdrop, it examines recent … European Takeover Bid Directive, which Professor Hopt has described as “sobering”, in view of the large number of members …

document that firms with characteristics indicating low power to bargain for favorable terms in a takeover, but also indicating … view that antitakeover provisions are universally harmful for shareholders …

announcement events. Takeover announcements are not random because managers decide rationally whether to bid or not, this indicates … conditional model the results indicate that after controlling for the self-selection bias effect, shareholders of bidder firms …

I analyze the allocation of the power to decide on hostile takeovers between directors and shareholders. My … contribution is to show who actually has power in a takeover and what factors are at work to give such power. Although directors … are traditionally considered to be in charge in deciding the outcome of a hostile takeover of a Delaware corporation …

We investigate the relation between corporate governance characteristics of hostile takeover targets and the choice to … employ 'harmful' resistance that is not perceived as being motivated by shareholders' interests. We find that harmful …