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Author:Dahya, J.
Powell, R.
Title:Ownership structure, managerial turnover and takeovers: Further U.K. evidence on the market for corporate control
Journal:Multinational Finance Journal
1998 : MAR, VOL. 2:1, p. 63-85
Index terms:Company ownership
Company control
Management
Markets
United Kingdom
Freeterms:Company takeovers
Language:eng
Abstract:This article deals with the impact that successful takeovers have on the rates of top management changes for U.K. target firms. It is shown in the results that hostile takeovers are associated with a greater degree of top management departure rates compared to that of friendly ones. The results give further support to the disciplining role of the hostile takeover.
SCIMA record nr: 193535
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