Characteristics of Hostile and Friendly Takeover Targets
收藏NBER1987-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2295
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Compared to an average Fortune 500 firm, a target of a hostile takeover is smaller, older, has a lower Tobin's Q, invests less of its income, and is growing more slowly. The low Q seems to be an industry-specific rather than a firm-specific effect. In addition, a hostile target is less likely to be
提供机构:
美国国家经济研究局
创建时间:
1987-06-01



