haku: @author Davis, G. F. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Davis, G. F. Stout, S. K. |
| Otsikko: | Organization theory and the market for corporate control: a dynamic analysis of the characteristics of large takeover targets, 1980-1990. |
| Lehti: | Administrative Science Quarterly
1992 : DEC, VOL. 37:4, p. 605-633 |
| Asiasana: | ORGANIZATION THEORY COMPANY CONTROL MERGERS |
| Kieli: | eng |
| Tiivistelmä: | The study examines the factors that made organizations vulnerable to takeovers during the 1980s, using event- history techniques on time-series data covering all takeover bids for Fortune 500 firms between January 1980 and December 1990. The reasons which increase or lower the risk of takeover are studied. The results indicate an irony: large corporations which were most successful by the standards of organization theory were most likely to be taken over in the 1980s. It is argued that theory about organizations and environments has been premised on an assumption of managerialism that is no longer tenable and that it must adjust to the financial model of the corporation that now dominates economic and policy discourse. |
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