TAKEOVERS IN THE 60S AND THE 80S - EVIDENCE AND IMPLICATIONS

被引：144

作者：

SHLEIFER, A ^{[1
]}

VISHNY, RW ^{[1
]}

机构：

[1] UNIV CHICAGO,GRAD SCH BUSINESS,CHICAGO,IL 60637

来源：

STRATEGIC MANAGEMENT JOURNAL | 1991年 / 12卷

关键词：

TAKEOVERS; ANTITRUST; EFFICIENT MARKETS;

D O I：

10.1002/smj.4250121005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper reviews the evidence on takeover waves of the 1960s and 1980s, and discusses the implications of this evidence for corporate strategy, agency theory, capital market efficiency, and antitrust policy. We conclude that antitrust policy played an important role in the two takeover waves, and that the wave of the '60s presents a problem for efficient capital markets.

引用

页码：51 / 59

页数：9

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