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Corporate governance and ownership structure of target companies and the outcome of takeovers

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  • Henry, Darren

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  • Henry, Darren, 2004. "Corporate governance and ownership structure of target companies and the outcome of takeovers," Pacific-Basin Finance Journal, Elsevier, vol. 12(4), pages 419-444, September.
  • Handle: RePEc:eee:pacfin:v:12:y:2004:i:4:p:419-444
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    References listed on IDEAS

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    1. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
    2. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    3. Cotter, James F. & Zenner, Marc, 1994. "How managerial wealth affects the tender offer process," Journal of Financial Economics, Elsevier, vol. 35(1), pages 63-97, February.
    4. Shivdasani, Anil, 1993. "Board composition, ownership structure, and hostile takeovers," Journal of Accounting and Economics, Elsevier, vol. 16(1-3), pages 167-198, April.
    5. P. S. Sudarsanam, 1995. "The role of defensive strategies and ownership structure of target firms: Evidence from UK hostile takeover bids," European Financial Management, European Financial Management Association, vol. 1(3), pages 223-240.
    6. Peter Holl & Dimitris Kyriazis, 1997. "Agency, Bid Resistance and the Market for Corporate Control," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(7&8), pages 1037-1066.
    7. Walkling, Ralph A., 1985. "Predicting Tender Offer Success: A Logistic Analysis," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 20(04), pages 461-478, December.
    8. Franks, Julian & Mayer, Colin, 1996. "Hostile takeovers and the correction of managerial failure," Journal of Financial Economics, Elsevier, vol. 40(1), pages 163-181, January.
    9. Noel O'Sullivan & Pauline Wong, 1998. "The impact of board composition and ownership on the nature and outcome of UK takeovers," Corporate Governance: An International Review, Wiley Blackwell, vol. 6(2), pages 92-100, April.
    10. Charlie Weir, 1997. "Corporate governance, performance and take-overs: an empirical analysis of UK mergers," Applied Economics, Taylor & Francis Journals, vol. 29(11), pages 1465-1475.
    11. Brickley, James A. & Coles, Jeffrey L. & Terry, Rory L., 1994. "Outside directors and the adoption of poison pills," Journal of Financial Economics, Elsevier, vol. 35(3), pages 371-390, June.
    12. Song, Moon H. & Walkling, Ralph A., 1993. "The Impact of Managerial Ownership on Acquisition Attempts and Target Shareholder Wealth," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 28(04), pages 439-457, December.
    13. Wong, Pauline & O'Sullivan, Noel, 2001. " The Determinants and Consequences of Abandoned Takeovers," Journal of Economic Surveys, Wiley Blackwell, vol. 15(2), pages 145-186, April.
    14. Myers, Stewart C. & Majluf, Nicolás S., 1945-, 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Working papers 1523-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    15. Hirshleifer, David & Titman, Sheridan, 1990. "Share Tendering Strategies and the Success of Hostile Takeover Bids," Journal of Political Economy, University of Chicago Press, vol. 98(2), pages 295-324, April.
    16. Noel O'Sullivan & Pauline Wong, 1998. "Internal versus External Control: An Analysis of Board Composition and Ownership in UK Takeovers," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 2(1), pages 17-35, March.
    17. Elias Raad & Robert Ryan, 1995. "Capital Structure and Ownership Distribution of Tender Offer Targets: An Empirical Study," Financial Management, Financial Management Association, vol. 24(1), Spring.
    18. Darren Henry, 2005. "Directors' Recommendations in Takeovers: An Agency and Governance Analysis," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(1-2), pages 129-159.
    19. Duggal, Rakesh & Millar, James A., 1994. "Institutional investors, antitakeover defenses and success of hostile takeover bids," The Quarterly Review of Economics and Finance, Elsevier, vol. 34(4), pages 387-402.
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    Cited by:

    1. Joshua Porter & Harminder Singh, 2010. "What Factors Drive Takeovers in Australia?," International Journal of Business and Economics, College of Business and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 9(2), pages 87-103, August.
    2. Jianhong Zhang & Haico Ebbers, 2010. "Why Half of China’s Overseas Acquisitions Could Not Be Completed," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(2), pages 101-131.
    3. Rashid Ameer, 2012. "Impact of cash holdings and ownership concentration on firm valuation: Empirical evidence from Australia," Review of Accounting and Finance, Emerald Group Publishing, vol. 11(4), pages 448-467, October.
    4. repec:rss:jnljef:v4i2p3 is not listed on IDEAS
    5. Bugeja, Martin, 2007. "Voluntary use of independent valuation advice by target firm boards in takeovers," Pacific-Basin Finance Journal, Elsevier, vol. 15(4), pages 368-387, September.
    6. Zhang, Jianhong & Zhou, Chaohong & Ebbers, Haico, 2011. "Completion of Chinese overseas acquisitions: Institutional perspectives and evidence," International Business Review, Elsevier, vol. 20(2), pages 226-238, April.

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