haku: @author Zantout, Z. / yhteensä: 1
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| Tekijä: | Zantout, Z. |
| Otsikko: | External capital market control, corporate restructuring, and firm performance during the 1980s |
| Lehti: | Journal of Business Finance and Accounting
1994 : JAN, VOL. 21:1, p. 37-4 |
| Asiasana: | CAPITAL MARKETS CONTROL CORPORATE RESTRUCTURING |
| Kieli: | eng |
| Tiivistelmä: | The corporate restructuring activity of the 1980s, sparked by potential external capital market intervention, is believed to have been primarily directed at correcting the diversification mistakes of the 1960s and 1970s, which had lead to poor corporate performance. Assuming that investor gains from corporate restructurings are unbiased expectations regarding future efficiency games, many researches concluded that the market for corporate control is an efficient external control mechanism and that the restructuring programs of the 1980s will , on average, be followed by substantial improvements in corporate performance. |
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