Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Knights, Raiders, and Targets

Knights, Raiders, and Targets

Coffee, John C.
Rose-Ackerman, Susan
Lowenstein, Louis

Paperback

Business GeneralInvesting & Finance

ISBN10: 0195044045
ISBN13: 9780195044041
Publisher: Oxford University Press
Published: Jun 23 1988
Pages: 560
Weight: 1.73
Height: 1.25 Width: 6.28 Depth: 9.18
Language: English
Fascinating as the corporate takeovers of recent years have been--with their golden parachutes and junk bonds, greenmailers and white knights--it is far from clear what underlying forces are at work, and what their long-term consequences will be. Debate over these questions has become polarized: some see takeover threats as disciplinary mechanisms that induce managers to behave efficiently and move assets to higher valued uses or into the hands of more efficient managers; others claim that corporate raiders have produced few observable increases in operating efficiency, but rather have disrupted business planning, enforced a preoccupation with the short-term, and tilted the balance sheets of corporate America towards dangerously high debt levels. Such sharp conflicts in theory and evidence have produced considerable governmental confusion concerning the appropriate policy response. Scores of bills have been introduced in Congress, but legislators are no more in agreement than scholars.

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