haku: @author Kabir, R. / yhteensä: 2
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| Tekijä: | Kabir, R. Cantrijn, D. Jeunink, A. |
| Otsikko: | Takeover defences, ownership structure and stock returns in the Netherlands: an empirical analysis (Geschäftsübernahme; Aktienemission) |
| Lehti: | Strategic Management Journal
1997 : FEB, VOL. 18:2, p. 97-109 |
| Asiasana: | |
| Vapaa asiasana: | NIEDERLANDE, GEWINNPOLITIK |
| Kieli: | eng |
| Tiivistelmä: | Analysing data of Dutch listed companies , the authors find that multiple anti-takeover defences are increasingly adopted when firms are characterized by relatively lower ownership concentration. The evidence supports the hypothesis that more concentrated ownership of shares provides more effective monitoring of managers. As defence by issuing preferred share has recently been the most widely adopted mechanism in the Netherlands, its impact on shareholders' wealth is also analysed. |
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