control in Japan based on the premiums paid relative to the post-deal stock prices.The research finds that the estimated value … of private benefits gained through TOB deals in Japan has been positive (the average value was 12.7% and the median value …

corporate takeover threat, this paper examines how a disciplinary market for corporate control affects accounting conservatism … shareholder protection and in those experiencing larger growth in takeover activity. Further analysis reveals that elevated … takeover threats increase conservatism through changes in capital structure and investment decisions as well as improvements in …

controlling shareholders rather than shareholders from managers. In many countries minority shareholders are afforded this …

smaller initial takeover premium proposals. We find evidence that, controlling for endogeneity, top defense litigation counsel …

-in-differences research design, we show that major increases in employment protection reduce takeover activity by 14-27% and the combined firm …