메뉴 건너뛰기




Volumn 23, Issue 8, 1999, Pages 1219-1242

Toehold strategies, takeover laws and rival bidders

Author keywords

Control contests; Fair price provisions; G34; G38; K22; Rival bidders; Takeovers; Toeholds

Indexed keywords


EID: 0006201789     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(99)00003-5     Document Type: Article
Times cited : (41)

References (32)
  • 2
    • 84955081133 scopus 로고
    • Efficient and inefficient sales of corporate control
    • November
    • Bebchuk, L.A., 1994. Efficient and inefficient sales of corporate control. Quarterly Journal of Economics, November, 957-994.
    • (1994) Quarterly Journal of Economics , pp. 957-994
    • Bebchuk, L.A.1
  • 4
    • 0002479105 scopus 로고
    • Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms
    • Bradley M., Desai A., Kim E. Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms. Journal of Financial Economics. 21(1):1988;3-40.
    • (1988) Journal of Financial Economics , vol.21 , Issue.1 , pp. 3-40
    • Bradley, M.1    Desai, A.2    Kim, E.3
  • 5
    • 84993907793 scopus 로고
    • Overbidding in takeover contests
    • December
    • Burkart, M., 1995. Overbidding in takeover contests. Journal of Finance, December 1491-1515.
    • (1995) Journal of Finance , pp. 1491-1515
    • Burkart, M.1
  • 7
    • 0000380080 scopus 로고
    • Poison or placebo? Evidence of the deterrence and wealth effects of modern anti-takeover measures
    • Comment R., Schwert G.W. Poison or placebo? Evidence of the deterrence and wealth effects of modern anti-takeover measures. Journal of Financial Economics. 39:1995;3-43.
    • (1995) Journal of Financial Economics , vol.39 , pp. 3-43
    • Comment, R.1    Schwert, G.W.2
  • 8
    • 38249001953 scopus 로고
    • The leading shareholder strategy, takeover contests and stock price dynamics
    • Dewatripont M. The leading shareholder strategy, takeover contests and stock price dynamics. European Economic Review. 37:1993;983-1004.
    • (1993) European Economic Review , vol.37 , pp. 983-1004
    • Dewatripont, M.1
  • 9
    • 0002082925 scopus 로고
    • A theory of preemptive takeover bidding
    • Fishman M. A theory of preemptive takeover bidding. The Rand Journal of Economics. 19(1):1988;88-101.
    • (1988) The Rand Journal of Economics , vol.19 , Issue.1 , pp. 88-101
    • Fishman, M.1
  • 11
    • 0041468134 scopus 로고
    • The three-piece suitor. An alternative approach to negotiated corporate acquisitions
    • Freund, Easton The three-piece suitor. An alternative approach to negotiated corporate acquisitions. Business Law. 34:1979;1680-1695.
    • (1979) Business Law , vol.34 , pp. 1680-1695
    • Freund1    Easton2
  • 14
    • 21844501768 scopus 로고
    • Bidder incentives for informed trading before hostile takeover announcements
    • Winter
    • Golbe, D., Schranz, M., 1994. Bidder incentives for informed trading before hostile takeover announcements. Financial Management, Winter, 57-68.
    • (1994) Financial Management , pp. 57-68
    • Golbe, D.1    Schranz, M.2
  • 15
    • 0007043402 scopus 로고
    • One share-one vote and the market for corporate control
    • Grossman S., Hart O. One share-one vote and the market for corporate control. Journal of Financial Economics. 20:1988;175-202.
    • (1988) Journal of Financial Economics , vol.20 , pp. 175-202
    • Grossman, S.1    Hart, O.2
  • 16
    • 45549118731 scopus 로고
    • Corporate governance: Voting rights and majority rules
    • Harris M., Raviv A. Corporate governance: Voting rights and majority rules. Journal of Financial Economics. 20:1988;203-235.
    • (1988) Journal of Financial Economics , vol.20 , pp. 203-235
    • Harris, M.1    Raviv, A.2
  • 17
    • 0038396265 scopus 로고
    • Facilitation of competing bids and the price of a takeover target
    • Hirshleifer D., Png I.P.L. Facilitation of competing bids and the price of a takeover target. The Review of Financial Studies. 2(4):1989;587-606.
    • (1989) The Review of Financial Studies , vol.2 , Issue.4 , pp. 587-606
    • Hirshleifer, D.1    Png, I.P.L.2
  • 18
    • 84930558506 scopus 로고
    • Share tendering strategies and the success of hostile takeover bids
    • Hirshleifer D., Titman S. Share tendering strategies and the success of hostile takeover bids. Journal of Political Economy. 98:1990;295-324.
    • (1990) Journal of Political Economy , vol.98 , pp. 295-324
    • Hirshleifer, D.1    Titman, S.2
  • 19
    • 21344482226 scopus 로고
    • Competing bids, target management resistance and the structure of takeover bids
    • Jennings R.H., Mazzeo M.A. Competing bids, target management resistance and the structure of takeover bids. Review of Financial Studies. 6:1993;883-910.
    • (1993) Review of Financial Studies , vol.6 , pp. 883-910
    • Jennings, R.H.1    Mazzeo, M.A.2
  • 21
    • 0000176289 scopus 로고
    • The wealth effects of second generation state takeover legislation
    • Karpoff J., Malatesta P. The wealth effects of second generation state takeover legislation. Journal of Financial Economics. 25(2):1989;291-322.
    • (1989) Journal of Financial Economics , vol.25 , Issue.2 , pp. 291-322
    • Karpoff, J.1    Malatesta, P.2
  • 22
    • 0000859303 scopus 로고
    • Continuous auctions and insider trading
    • Kyle A. Continuous auctions and insider trading. Econometrica. 53(6):1985;1315-1335.
    • (1985) Econometrica , vol.53 , Issue.6 , pp. 1315-1335
    • Kyle, A.1
  • 24
    • 0002537125 scopus 로고
    • The hubris hypothesis of corporate takeovers
    • Roll R. The hubris hypothesis of corporate takeovers. Journal of Business. 59:1986;197-216.
    • (1986) Journal of Business , vol.59 , pp. 197-216
    • Roll, R.1
  • 25
    • 0002726502 scopus 로고
    • Corporate takeovers: The efficiency arguments
    • Scherer F.M. Corporate takeovers: The efficiency arguments. The Journal of Economic Perspectives. 2(1):1988;69-82.
    • (1988) The Journal of Economic Perspectives , vol.2 , Issue.1 , pp. 69-82
    • Scherer, F.M.1
  • 28
    • 0030161296 scopus 로고    scopus 로고
    • Markup pricing in mergers and acquisitions
    • June
    • Schwert, G.W., 1996. Markup pricing in mergers and acquisitions. Journal of Financial Economics, June, 153-192.
    • (1996) Journal of Financial Economics , pp. 153-192
    • Schwert, G.W.1
  • 30
    • 45549112378 scopus 로고
    • Managerial control of voting rights: Financing policies and the market for corporate control
    • Stulz R. Managerial control of voting rights: Financing policies and the market for corporate control. Journal of Financial Economics. 20:1988;25-54.
    • (1988) Journal of Financial Economics , vol.20 , pp. 25-54
    • Stulz, R.1
  • 31
    • 84977715389 scopus 로고
    • The distribution of target ownership and the division of gains in successful takeovers
    • July
    • Stulz, R., Walkling, R., Song, M.H., 1990. The distribution of target ownership and the division of gains in successful takeovers. Journal of Finance, July, 817-834.
    • (1990) Journal of Finance , pp. 817-834
    • Stulz, R.1    Walkling, R.2    Song, M.H.3
  • 32
    • 85075674481 scopus 로고
    • Agency theory, managerial welfare, and takeover bid resistance
    • Walkling R., Long M. Agency theory, managerial welfare, and takeover bid resistance. The Rand Journal of Economics. 15(1):1984;54-68.
    • (1984) The Rand Journal of Economics , vol.15 , Issue.1 , pp. 54-68
    • Walkling, R.1    Long, M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.