This paper examines how the distribution of target ownership is related with takeover premium in owner-manager dominant …

With the removal of statute-based anti-takeover provisions during the aftermath of Asian crisis, a significant number … firm-level anti-takeover provisions (ATP) vary over time (making firm fixed effects regression feasible) and its amendment …. Using a sample during 1999-2009, we find that firms with charter-based anti-takeover provisions are smaller in size, have …

We study the motive and the economic effects of takeover in Korea, which has not been actively studied due to … relation to financial distress, and that some companies tend to be targeted repeatedly. However, after the takeover, the …

, local institutional, and foreign investors in trading target firms' stocks around mergers and acquisitions announcements in … sell more intensely prior to announcements for target firms with larger wealth effects. In contrast, foreign investors tend … more intensely in the post-announcement period. This may imply that foreign investors are able to identify target stocks …

discussions in respect of the market for corporate control and takeover defenses. This Article will also provide a quick overview … over the provisions in draft new Korean Commercial Code related to the market for corporate control and takeover defenses … strike a balance between the active market for corporate control and effective takeover defensive tactics for the benefit of …