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Martynova & Renneboog (2008) - : "A Century of Corporate Takeovers" by Tanaya Patel is a document available to read on EtoBox.
What is Martynova & Renneboog (2008) - : "A Century of Corporate Takeovers" about?
The document reviews three studies on corporate takeovers, highlighting that while targets often gain in the short run, acquirers typically underperform in the long run due to factors like overpayment and managerial hubris. Governance mechanisms, such as board independence and shareholder activism, play a crucial role in M&A outcomes, but efficiency gains are not guaranteed. Common themes across the studies include the importance of deal characteristics and the market for corporate control in influencing ta
- Author
- Tanaya Patel
- Language
- EN