Items related to Knights, Raiders, and Targets: The Impact of the Hostile...
Fascinating as the corporate takeovers of recent years have been--with their "golden parachutes" and junk bonds, "greenmailers" and white knights--it is far from clear what underlying forces are at work, and what their long-term consequences will be. Debate over these questions has become polarized: some see takeover threats as disciplinary mechanisms that induce managers to behave efficiently and move assets to higher valued uses or into the hands of more efficient managers; others claim that corporate raiders have produced few observable increases in operating efficiency, but rather have disrupted business planning, enforced a preoccupation with the short-term, and tilted the balance sheets of corporate America toward dangerously high debt levels. Such sharp conflicts in theory and evidence have produced considerable confusion concerning the appropriate policy response.
Knights, Raiders and Targets represents one of the first sustained efforts to refine and clarify these issues. Based on papers presented at a symposium sponsored by the Columbia Law School's Center for Law and Economic Studies, it also includes discussion of the informal presentations made at the symposium by the CEOs of several major corporations. This important book airs new theories, presents unique empirical evidence of the post-acquisition performances of companies involved in mergers, and offers exciting discussion of an event that has become central to American corporate culture.
Knights, Raiders and Targets represents one of the first sustained efforts to refine and clarify these issues. Based on papers presented at a symposium sponsored by the Columbia Law School's Center for Law and Economic Studies, it also includes discussion of the informal presentations made at the symposium by the CEOs of several major corporations. This important book airs new theories, presents unique empirical evidence of the post-acquisition performances of companies involved in mergers, and offers exciting discussion of an event that has become central to American corporate culture.
"synopsis" may belong to another edition of this title.
About the Author:
"An illuminating set of studies that offer a wide spectrum of opinions and conclusions....There is much information and insight to be gained from these pages, and those interested in the subject would do well to start here."--Journal of Economic Literature
"There is much information and insight to be gained from these pages, and those interested in the subject would do well to start here."--William S. Comanor, Journal of Economic Literature
"An excellent discussion of acquisitions, unique in that it provides a variety of academic, legal, and managerial insights into the subject. The 'comments' in each section are very thought-provoking in the criticisms and extensions they suggest."--Anju Seth, University of Houston
"Breadth and balance make this a good one-volume summary of the takeover debate."--Issues in Science and Technology
"Comprehensive treatment of important issues...useful as a supplement to law-and-economics courses."--Donald Solar, C. W. Post College
John C. Coffee is at Columbia University. Louis Lowenstein is at Columbia University Law School.
Review:
"An illuminating set of studies that offer a wide spectrum of opinions and conclusions....There is much information and insight to be gained from these pages, and those interested in the subject would do well to start here."--Journal of Economic Literature
"There is much information and insight to be gained from these pages, and those interested in the subject would do well to start here."--William S. Comanor, Journal of Economic Literature
"An excellent discussion of acquisitions, unique in that it provides a variety of academic, legal, and managerial insights into the subject. The 'comments' in each section are very thought-provoking in the criticisms and extensions they suggest."--Anju Seth, University of Houston
"Breadth and balance make this a good one-volume summary of the takeover debate."--Issues in Science and Technology
"Comprehensive treatment of important issues...useful as a supplement to law-and-economics courses."--Donald Solar, C. W. Post College
"About this title" may belong to another edition of this title.
- PublisherOxford University Press
- Publication date1988
- ISBN 10 0195044053
- ISBN 13 9780195044058
- BindingHardcover
- Number of pages560
- EditorCoffee Jr. John C., Lowenstein Louis, Rose-Ackerman Susan
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