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The free cash flow theory of takeovers: a financial perspective on mergers and acquisitions and the economy

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  • Michael C. Jensen

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  • Michael C. Jensen, 1987. "The free cash flow theory of takeovers: a financial perspective on mergers and acquisitions and the economy," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 31, pages 102-148.
    • Handle: RePEc:fip:fedbcp:y:1987:p:102-148:n:31
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    Cited by:

    1. Bodnaruk, Andriy & Rossi, Marco, 2016. "Dual ownership, returns, and voting in mergers," Journal of Financial Economics, Elsevier, vol. 120(1), pages 58-80.
    2. Frederick T. Furlong, 1990. "Tax incentives for corporate leverage in the 1980s," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 3-17.
    3. Cramton, Peter & Schwartz, Alan, 1991. "Using Auction Theory to Inform Takeover Regulation," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(1), pages 27-53, Spring.
    4. David J. Ravenscraft, 1987. "The 1980s merger wave: an industrial organization perspective," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 31, pages 17-51.
    5. Robert E. Carpenter, 1994. "Finance Constraints or Free Cash Flow? The Impact of Asymmetric Information on Investment," Finance 9401001, University Library of Munich, Germany.
    6. Muhammad Rizwan Kamran & Zheng Zhao & Haji Suleman Ali & Fiza Sabir, 2018. "Does earnings management mediate the impact of financial policies on market value of firms? A comparative study of China and Pakistan," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 5(01), pages 1-22, March.

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