Mergers and corporate governance

Author(s)

• Mulherin, John Harold

Bibliographic Information

Mergers and corporate governance

edited by J. Harold Mulherin

（Business economics, 1）（An Elgar reference collection）

Edward Elgar, c2004

Note

"Wherever possible, the articles in these volumes have been reproduced as originally published using facsimile reproduction"--P. facing t.p

Includes bibliographical references and index

Contents of Works

• The impact of industry shocks on takeover and restructuring activity / Mark L. Mitchell and J. Harold Mulherin
• Price uncertainty and vertical integration : an examination of petrochemical firms / Joseph P.H. Fan
• New evidence and perspectives on mergers / Gregor Andrade, Mark Mitchell and Erik Stafford
• The valuation effects of bank mergers / David A. Becher
• Do bad bidders become good targets? / Mark L. Mitchell and Kenneth Lehn
• The hubris hypothesis of corporate takeovers / Richard Roll
• Toeholds, bid jumps, and expected payoffs in takeovers / Sandra Betton and B. Espen Eckbo
• Auctions of companies / Robert G. Hansen
• Comparing acquisitions and divestitures / J. Harold Mulherin and Audra L. Boone
• The market for corporate assets : who engages in mergers and asset sales and are there efficiency gains? / Vojislav Maksimovic and Gordon Phillips
• Does corporate diversification destroy value? / John R. Graham, Michael L. Lemmon and Jack G. Wolf
• Consolidating corporate control : dual-class recapitalizations versus leveraged buyouts / Kenneth Lehn, Jeffry Netter and Annette Poulsen
• The economics of corporate governance : beyond the Marshallian firm / Gerald T. Garvey and Peter L. Swan
• Poison or placebo? : evidence on the deterrence and wealth effects of modern antitakeover measures / Robert Comment and G. William Schwert
• Proxy contests and corporate change : implications for shareholder wealth / J. Harold Mulherin and Annette B. Poulsen
• Deregulation and the adaptation of governance structure : the case of the U.S. airline industry / Stacey R. Kole and Kenneth M. Lehn

Description and Table of Contents

Description

This authoritative collection of previously published articles emphasizes recent empirical research on mergers and corporate governance. The papers included present provocative questions dealing with the causes and effects of takeover and restructuring activity, the distribution of wealth gains between bidding and target firms, and the relevance of governance in modern corporations. The discussion of such questions presents the latest thinking on mergers and corporate governance and also offers guidance for future work in the area. The body of work included in the volume is of particular relevance to scholars in corporate finance and industrial organization as well as policymakers in antitrust, corporate law, and securities regulation.

Table of Contents

Contents: Acknowledgements Introduction J. Harold Mulherin PART I THE CAUSES AND EFFECTS OF MERGER ACTIVITY 1. Mark L. Mitchell and J. Harold Mulherin (1996), 'The Impact of Industry Shocks on Takeover and Restructuring Activity' 2. Joseph P.H. Fan (2000), 'Price Uncertainty and Vertical Integration: An Examination of Petrochemical Firms' 3. Gregor Andrade, Mark Mitchell and Erik Stafford (2001), 'New Evidence and Perspectives on Mergers' 4. David A. Becher (2000), 'The Valuation Effects of Bank Mergers' PART II TAKEOVER BIDDING 5. Mark L. Mitchell and Kenneth Lehn (1990), 'Do Bad Bidders Become Good Targets?' 6. Richard Roll (1986), 'The Hubris Hypothesis of Corporate Takeovers' 7. Sandra Betton and B. Espen Eckbo (2000), 'Toeholds, Bid Jumps, and Expected Payoffs in Takeovers' 8. Robert G. Hansen (2001), 'Auctions of Companies' PART III CORPORATE RESTRUCTURING 9. J. Harold Mulherin and Audra L. Boone (2000), 'Comparing Acquisitions and Divestitures' 10. Vojislav Maksimovic and Gordon Phillips (2001), 'The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?' 11. John R. Graham, Michael L. Lemmon and Jack G. Wolf (2002), 'Does Corporate Diversification Destroy Value?' 12. Kenneth Lehn, Jeffry Netter and Annette Poulsen (1990), 'Consolidating Corporate Control: Dual-class Recapitalizations versus Leveraged Buyouts' PART IV CORPORATE GOVERNANCE 13. Gerald T. Garvey and Peter L. Swan (1994), 'The Economics of Corporate Governance: Beyond the Marshallian Firm' 14. Robert Comment and G. William Schwert (1995), 'Poison or Placebo? Evidence on the Deterrence and Wealth Effects of Modern Antitakeover Measures' 15. J. Harold Mulherin and Annette B. Poulsen (1998), 'Proxy Contests and Corporate Change: Implications for Shareholder Wealth' 16. Stacey R. Kole and Kenneth M. Lehn (1999), 'Deregulation and the Adaptation of Governance Structure: The Case of the U.S. Airline Industry' Name Index

by "Nielsen BookData"

Details

• NCID: BA69297454
• ISBN:
  • 1843764210
• LCCN: 2004054275
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cheltenham, U.K.
• Pages/Volumes: xxiii, 503 p.
• Size: 26 cm
• Classification:
  • LCC : HD2746.5
  • DC22 : 338.8/3
• Subject Headings:
  • LCSH : Consolidation and merger of corporations
  • LCSH : Corporate governance
• Parent Bibliography ID:
  • BA69297341
  • BA10867755