Keywords
Related Publications
Interfirm Tender Offers and the Market for Corporate Control
It is commonly believed that the interfirm cash tender offer is an attempt by the bidding firm to purchase the target shares and profit from their subsequent market appreciation...
Agency Theory, Managerial Welfare, and Takeover Bid Resistance
Tender offers provide an ideal setting for the analysis of agency relationships since the best interests of the principal (target firm shareholders) and agent (target firm manag...
Large Shareholders, Monitoring, and the Value of the Firm
We propose that dispersed outside ownership and the resulting managerial discretion come with costs but also with benefits. Even when tight control by shareholders is ex post ef...
Large Shareholders and Corporate Control
In a corporation with many small owners, it may not pay any one of them to monitor the performance of the management. We explore a model in which the presence of a large minorit...
Publication Info
- Year
- 1980
- Type
- article
- Volume
- 23
- Issue
- 2
- Pages
- 371-407
- Citations
- 259
- Access
- Closed
External Links
Social Impact
Social media, news, blog, policy document mentions
Citation Metrics
Cite This
Identifiers
- DOI
- 10.1086/466965