We investigate the relation between takeover performance and board share ownership in the acquiring company for a … on takeover outcomes including: the means of payment; acquirer size and market to book value; the relative size of the … acquirer and the target; the nature of the bid in terms of hostility and industrial direction; and the pre-takeover performance …

paid for shares is inversely related to the strength of shareholder rights, and this suggests that managers pay higher … premiums when shareholder rights are more restricted. These findings imply that managers use shareholders' funds to eliminate …

This article evaluates the Takeover Bids Directive's board neutrality rule, in light of the European Commission …

firms that recently filed financial restatements are significantly less likely to become takeover targets than a propensity … score-matched sample of non-restating firms. For those restating firms that do receive takeover bids, the bids are more …

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 …

of monitoring their managers. Particularly, the univariate analysis reveal that relative to our benchmark sample, private …