Corporate Governance and Takeover Outcomes
33 Pages Posted: 29 Apr 2015 Last revised: 6 Jun 2015
Date Written: April 28, 2015
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: Suggested Citation