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Knights, Raiders, and Targets

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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 ...

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Knights, Raiders, and Targets
1988, Oxford University Press, USA, New York, NY

ISBN-13: 9780195044041

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