3 edition of Do union wealth concessions explain takeover premiums? found in the catalog.
November 1989.Includes bibliographical references (p. 36-39)Binghamton University Libraries copy bound with: Does unmeasured ability explain inter-industry wage differences?
|Statement||National Bureau of Economic Research|
|Publishers||National Bureau of Economic Research|
|The Physical Object|
|Pagination||xvi, 75 p. :|
|Number of Pages||61|
|2||Working paper series (National Bureau of Economic Research) -- working paper no. 3187.|
|3||NBER working paper series -- working paper no. 3187|
nodata File Size: 6MB.
Von der Methode des richtigen Vernunftgebrauchs und der wissenschaftlichen Forschung. Französisch-deutsch.
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Because it allows bidders to seek control directly from shareholders—by going "over the heads" of target management—the tender offer is the most powerful weapon available to the hostile bidder. LBOs and other leveraged recapitalizations force managements to sell Do union wealth concessions explain takeover premiums? divisions, avoid low pay-off investments, eliminate wasteful corporate expenses and diversifying acquisitions, and boost operating efficiency in order to meet the interest charges on the high level of debt.
Shleifer A, Vishny R W 2003 Stock market driven acquisitions Journal of Financial Economics 70 3 pp 295 — 311. According to Joshua Rosett's recent study of over five thousand union contracts in over a thousand listed companies from 1973 to 1987, less than 2 percent of the premiums to shareholders can be attributed to wage reductions in the first six years following takeovers. Shiryaev A N 2008a Generalized Bayesian nonlinear quickest detection problems: on Markov family of sucient statistics Mathematical Control Theory and Finance Proceedings of the Workshop of April 10—14 2007 Lisbon Portugal Sarychev A et al editors Springer Berlin Germany pp 377 - 386.
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