haku: @author Sant, R. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Sant, R. Ferris, S. |
| Otsikko: | The case of union Carbide |
| Lehti: | Columbia Journal of World Business
1993 : WINTER, VOL. 28:4, p. 74-91 |
| Asiasana: | MERGERS ENVIRONMENT LIABILITY |
| Kieli: | eng |
| Tiivistelmä: | Following the tragedy at its Bhopal, India plant, Union Carbide found itself the object of a hostile takeover attempt in 1985. In spite of great uncertainty regarding its final legal liability, Union Carbide's management opposed the offer and began an agressive program of asset and financial restructuring. From an analysis of the performance of Union Carbide's common stock, the authors find that the financial impact of the Bhopal accident was dissipated within a year. Using additional accounting and industry data, they draw universal conclusions regarding the international management of complex technologies and firm valuation in the presence of foreign legal threats. |
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