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 …

This paper analyzes how announce changes in the corporate control (takeover) of Endesa, Hidrocantábrico and Scottish … MCO models. Also, the results suggest the announcement of the launching of a takeover positively and significantly affects …

I investigate whether implementation of the mandatory bid rule – the rule that grants all shareholders the right to … participate in a takeover transaction at equal terms – affects target announcement returns. I use a difference …

(election of directors and votes on fundamental changes), federal law grants shareholders additional voting rights. But these …'s shareholders. It finds firms alter the structure of their acquisitions to avoid shareholder voting. On its own, this finding could … shareholders' expense. Yet this Article finds no difference in returns to acquisitions that require a shareholder vote and those …

about how free markets can work to the benefit of all. Shareholders, not politicians, should decide how to run their … preferable to a more protectionist approach, where change is resisted, competitive pressures are weakened, and shareholders …

-contest periods. We conclude that passive funds are engaged shareholders in high-stake voting events …

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 …