메뉴 건너뛰기




Volumn 18, Issue 7-8, 1997, Pages 627-643

Corporate value and ownership structure in the post-takeover period: What role do institutional investors play

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0011238718     PISSN: 01436570     EISSN: 10991468     Source Type: Journal    
DOI: 10.1002/(SICI)1099-1468(199711/12)18:7/8<627::AID-MDE851>3.0.CO;2-5     Document Type: Article
Times cited : (4)

References (33)
  • 1
    • 84937315308 scopus 로고
    • Large shareholder activism, risk sharing, and financial market equilibrium
    • A. Admati, P. Pfleiderer and J. Zechner (1994). Large shareholder activism, risk sharing, and financial market equilibrium. Journal of Political Economy, 102, 1097–1130.
    • (1994) Journal of Political Economy , vol.102 , pp. 1097-1130
    • Admati, A.1    Pfleiderer, P.2    Zechner, J.3
  • 3
    • 0001967236 scopus 로고
    • Institutional investors and corporate governance: The case for institutional voice
    • B. Black (1992). Institutional investors and corporate governance: The case for institutional voice. Journal of Applied Corporate Finance, 5, 19–32.
    • (1992) Journal of Applied Corporate Finance , vol.5 , pp. 19-32
    • Black, B.1
  • 4
    • 0000815591 scopus 로고
    • Ownership structure and voting on antitakeover amendments
    • J. Brickley, R. Lease and C. Smith Jr. (1988). Ownership structure and voting on antitakeover amendments. Journal of Financial Economics, 20, 267–291.
    • (1988) Journal of Financial Economics , vol.20 , pp. 267-291
    • Brickley, J.1    Lease, R.2    Smith, C.3
  • 5
    • 21344495684 scopus 로고
    • The valuation effects of equity issues and the level of institutional ownership: Evidence from analysts’ earnings forecasts
    • P. Brous, and O. Kini (1994). The valuation effects of equity issues and the level of institutional ownership: Evidence from analysts’ earnings forecasts. Financial Management, 23, 33–46.
    • (1994) Financial Management , vol.23 , pp. 33-46
    • Brous, P.1    Kini, O.2
  • 7
    • 84935941592 scopus 로고
    • The structure of corporate ownership and the theory of the firm
    • H. Demsetz and K. Lehn (1985). The structure of corporate ownership and the theory of the firm. Journal of Law and Economics, 93, 1155–1177.
    • (1985) Journal of Law and Economics , vol.93 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 8
    • 84977717550 scopus 로고
    • Herd on the street: Informational inefficiencies in market with short-term speculation
    • K. A. Froot, D. S. Sharfstein and J. C. Stein (1992). Herd on the street: Informational inefficiencies in market with short-term speculation, Journal of Finance, 47, 1461–1481.
    • (1992) Journal of Finance , vol.47 , pp. 1461-1481
    • Froot, K.A.1    Sharfstein, D.S.2    Stein, J.C.3
  • 9
    • 0000741932 scopus 로고
    • Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior
    • M. Grinblatt, S. Titman and R. Wermers (1995). Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior. American Economic Review, 85, 1088–1105.
    • (1995) American Economic Review , vol.85 , pp. 1088-1105
    • Grinblatt, M.1    Titman, S.2    Wermers, R.3
  • 10
    • 0642377001 scopus 로고
    • Subordination of American capital
    • Grundfest (1990). Subordination of American capital. Journal of Financial Economics, 27, 89–114.
    • (1990) Journal of Financial Economics , vol.27 , pp. 89-114
    • Grundfest1
  • 11
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance, and takeovers
    • M. Jensen, (1986). Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review, 76, 323–329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.1
  • 12
    • 0003191078 scopus 로고
    • Eclipse of the public corporation
    • M. Jensen (1989). Eclipse of the public corporation, Harvard Business Review, 67, 61–74.
    • (1989) Harvard Business Review , vol.67 , pp. 61-74
    • Jensen, M.1
  • 14
    • 0040615519 scopus 로고
    • A test of the free —cashflow hypothesis: The case of bidder returns
    • L. H. P. Lang, R. M. Stulz and R. A. Walkling (1991). A test of the free —cashflow hypothesis: The case of bidder returns. Journal of Financial Economics, 29, 315–336.
    • (1991) Journal of Financial Economics , vol.29 , pp. 315-336
    • Lang, L.H.P.1    Stulz, R.M.2    Walkling, R.A.3
  • 17
    • 0000297803 scopus 로고
    • Mergers and the market for corporate control
    • H. G. Manne (1965). Mergers and the market for corporate control. Journal of PoliticalEconomy, 73, 110–120.
    • (1965) Journal of PoliticalEconomy , vol.73 , pp. 110-120
    • Manne, H.G.1
  • 18
    • 0011088442 scopus 로고
    • Additional evidence on equity ownership and corporate value
    • J. J. McConnell and H. Servaes (1990). Additional evidence on equity ownership and corporate value. Journal of Financial Economics, 27, 595–612.
    • (1990) Journal of Financial Economics , vol.27 , pp. 595-612
    • McConnell, J.J.1    Servaes, H.2
  • 21
    • 33645896609 scopus 로고
    • Management ownership and market valuation: An empirical analysis
    • R. Morck, A. Shleifer and R. W. Vishny (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20, 293–315.
    • (1988) Journal of Financial Economics , vol.20 , pp. 293-315
    • Morck, R.1    Shleifer, A.2    Vishny, R.W.3
  • 22
    • 49449125071 scopus 로고
    • Determinants of corporate borrowing
    • S. Myers (1977). Determinants of corporate borrowing. Journal of Financial Economics, 5, 147–175.
    • (1977) Journal of Financial Economics , vol.5 , pp. 147-175
    • Myers, S.1
  • 23
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not have
    • S. Myers and N. S. Majluf (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13, 187–221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.1    Majluf, N.S.2
  • 24
    • 0013590421 scopus 로고
    • Proxy contests and the efficiency of shareholder oversight
    • J. Pound (1988). Proxy contests and the efficiency of shareholder oversight. Journal of Financial Economics, 20, 237–265.
    • (1988) Journal of Financial Economics , vol.20 , pp. 237-265
    • Pound, J.1
  • 25
    • 0002627716 scopus 로고
    • Raiders, targets, and politics: The history and future of American corporate control
    • J. Pound (1992). Raiders, targets, and politics: The history and future of American corporate control. Journal of Applied Corporate Finance, 5, 6–18.
    • (1992) Journal of Applied Corporate Finance , vol.5 , pp. 6-18
    • Pound, J.1
  • 26
    • 0002563407 scopus 로고
    • Political and legal restraints on ownership and control of public companies
    • M. Roe (1990). Political and legal restraints on ownership and control of public companies. Journal of Financial Economics, 27, 7–42.
    • (1990) Journal of Financial Economics , vol.27 , pp. 7-42
    • Roe, M.1
  • 28
    • 84936823587 scopus 로고
    • Large shareholders and corporate control
    • A. Shleifer and R. Vishny (1986). Large shareholders and corporate control. Journal of Political Economy, 94, 461–488.
    • (1986) Journal of Political Economy , vol.94 , pp. 461-488
    • Shleifer, A.1    Vishny, R.2
  • 29
    • 0039120739 scopus 로고    scopus 로고
    • Shareholder activism by institutional investors: Evidence from CalPERS
    • M. P. Smith (1996). Shareholder activism by institutional investors: Evidence from CalPERS. Journal of Finance, 51, 227–252.
    • (1996) Journal of Finance , vol.51 , pp. 227-252
    • Smith, M.P.1
  • 30
    • 16144367015 scopus 로고    scopus 로고
    • A requiem for the USA: Is small shareholder monitoring effective?
    • D. Strickland, K. W. Wiles and M. Zenner (1996). A requiem for the USA: Is small shareholder monitoring effective? Journal of Financial Economics, 40, 319–338.
    • (1996) Journal of Financial Economics , vol.40 , pp. 319-338
    • Strickland, D.1    Wiles, K.W.2    Zenner, M.3
  • 31
    • 45549112378 scopus 로고
    • Managerial control of voting rights, financing policies and the market for corporate control
    • R. Stulz (1988). Managerial control of voting rights, financing policies and the market for corporate control. Journal of Financial Economics, 20, 25–54.
    • (1988) Journal of Financial Economics , vol.20 , pp. 25-54
    • Stulz, R.1
  • 32
    • 38249002753 scopus 로고
    • Corporate governance through the proxy process: Evidence from the 1989 Honeywell proxy solicitation
    • K. Van Nuys (1993). Corporate governance through the proxy process: evidence from the 1989 Honeywell proxy solicitation. Journal of Financial Economics, 34, 101–132.
    • (1993) Journal of Financial Economics , vol.34 , pp. 101-132
    • Van Nuys, K.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.