Publication: Takeovers in the '60s and the '80s: Evidence and Implications
Date
1991
Published Version
Journal Title
Journal ISSN
Volume Title
Publisher
John Wiley and Sons
The Harvard community has made this article openly available. Please share how this access benefits you.
Citation
Shleifer, Andrei, and Robert W. Vishny. 1991. Takeovers in the '60s and the '80s: Evidence and implications. Strategic Management Journal 12:51-59.
Research Data
Abstract
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.
Description
Other Available Sources
Keywords
takeovers, antitrusts, efficient markets
Terms of Use
Metadata Only