Corporate Governance and Takeover Outcomes

33 Pages Posted: 29 Apr 2015 Last revised: 6 Jun 2015

See all articles by Nihat Aktas

Nihat Aktas

WHU - Otto Beisheim School of Management

Ettore Croci

Catholic University of the Sacred Heart of Milan

Serif Aziz Simsir

Sabanci University

Multiple version iconThere are 2 versions of this paper

Date Written: April 28, 2015

Abstract

This article adopts an agency perspective of the firm and reviews the mergers and acquisitions literature from the lens of corporate governance. We highlight how the different corporate governance mechanisms affect the takeover process and outcomes. The internal and external governance mechanisms that we consider are: the board of directors, the takeover market, blockholders, financial markets in general, product market competition, and the labor market.

Keywords: Corporate governance, Takeover, Board of Directors, Blockholder, Activist investor, Product market competition, Labor market

JEL Classification: G34

Suggested Citation

Aktas, Nihat and Croci, Ettore and Simsir, Serif Aziz, Corporate Governance and Takeover Outcomes (April 28, 2015). Available at SSRN: https://ssrn.com/abstract=2600082 or http://dx.doi.org/10.2139/ssrn.2600082

Nihat Aktas (Contact Author)

WHU - Otto Beisheim School of Management ( email )

Burgplatz 2
Vallendar, 56179
Germany

Ettore Croci

Catholic University of the Sacred Heart of Milan ( email )

Largo Gemelli, 1
Via Necchi 9
Milan, MI 20123
Italy

Serif Aziz Simsir

Sabanci University ( email )

School of Management
Istanbul, Orhanli, 34956 Tuzla
Turkey

Register to save articles to
your library

Register

Paper statistics

Downloads
265
Abstract Views
1,245
rank
118,810
PlumX Metrics