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Public Policy Toward Corporate Takeovers

Public Policy Toward Corporate Takeovers
Author: Murray L. Weidenbaum
Publisher: Transaction Publishers
Total Pages: 200
Release:
Genre: Political Science
ISBN: 9781412832458

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This volume examines critical issues in the debate over the effects' of the current wave of corporate takeovers. Media accounts are often sensational, but proposed public policy remedies need to be evaluated on the basis of more than simple rhetoric. The studies contained in this collection provide solid economic grounding for the debate. Public Policy Toward Corporate Takeovers is the result of extensive research sponsored by the Center for the Study of American Business and directed by Murray Weidenbaum; it examines key aspects of takeovers: the evolving regulatory role of the Antitrust Division, state versus federal authority over offensive and defensive takeover maneuvers, whether leveraged buyouts improve the firm's economic performance, and the validity of assertions about "entrenched" managements. The book also includes the views of the most publicized corporate raider, T. Boone Pickens. Balancing Pickens' highly favorable view of the value of hostile takeovers as a disciplining factor for subpar management performance is a chapter by David Ravenscraft of the Federal Trade Commission, who takes a long-term viewpoint and argues that the popular belief that takeovers create substantial efficiencies has not been borne out by the record. The overall findings do not fully support either side of the takeover controversy. The book presents both legal and economic perspectives, and suggests strategies for government policymakers as well as leaders of private enterprise.


Corporate Takeovers

Corporate Takeovers
Author: Alan J. Auerbach
Publisher: University of Chicago Press
Total Pages: 354
Release: 2013-12-30
Genre: Business & Economics
ISBN: 0226032167

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The takeover boom that began in the mid-1980s has exhibited many phenomena not previously observed, such as hostile takeovers and takeover defenses, a widespread use of cash as a means of payment for targeted firms, and the acquisitions of companies ranking among the largest in the country. With the aim of more fully understanding the implications of such occurances, contributors to this volume consider a broad range of issues as they analyze mergers and acquisitions and study the takeoveer process itself.


Corporate Takeovers

Corporate Takeovers
Author:
Publisher:
Total Pages: 178
Release: 1987
Genre: Consolidation and merger of corporations
ISBN:

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Knights, Raiders, and Targets

Knights, Raiders, and Targets
Author: John C. Coffee
Publisher: Oxford University Press
Total Pages: 562
Release: 1988
Genre: Business & Economics
ISBN: 0195364554

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CORPORATE TAKEOVERS: PUBLIC POLICY IMPLICATIONS FOR THE ECONOMY AND CORPORATE GOVERNANCE. A REPORT FROM THE CHAIRMAN OF THE SUBCOMMITTEE ON TELECOMMUNICATIONS, CONSUMER PROTECTION, AND FINANCE OF THE COMMITTE ON ENERGY AND COMMERCE

CORPORATE TAKEOVERS: PUBLIC POLICY IMPLICATIONS FOR THE ECONOMY AND CORPORATE GOVERNANCE. A REPORT FROM THE CHAIRMAN OF THE SUBCOMMITTEE ON TELECOMMUNICATIONS, CONSUMER PROTECTION, AND FINANCE OF THE COMMITTE ON ENERGY AND COMMERCE
Author: Stati Uniti d'America. Congress. House of Represantatives. Committee on Energy and Commerce
Publisher:
Total Pages: 126
Release: 1987
Genre:
ISBN:

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Hostile Takeovers

Hostile Takeovers
Author: David L. McKee
Publisher: Praeger
Total Pages: 208
Release: 1989-09-21
Genre: Business & Economics
ISBN:

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This book examines the effects of hostile takeovers, their impact on regional economies and industries, and the policy implications of such takeovers for both the corporation and the public sector. The book's contributors present arguments for and against corporate takeovers, identifying both the strong and weak points on each side. Then, they consider economic, legal, ethical and geographical issues--particularly interregional issues, legal difficulties involving different levels of governement, and interstate differences. Pension World The ongoing trend of hostile corporate takeovers has been discussed at some length in the press and in the business literature. However, even as terms like golden parachutes, greenmail, and white knights enter the popular lexicon, little has been written about the effects, real or potential, that specific takeovers may have upon the economic base of metropolitan areas, states, or regions that house individual corporate operations. This volume represents a systematic attempt to fill that gap by examining the effects of hostile takeovers, their impact on regional economies and industries, and the policy implications of such takeovers for both the corporation and the public sector. The contributors begin by presenting arguments for and against corporate takeovers, identifying both the strong and weak points on each side of the debate. They then turn to a consideration of economic, legal, ethical, and geographical issues, paying particular attention to interregional issues, legal difficulties involving different levels of government, and interstate differences. Separate chapters are also devoted to foreign direct investment in the United States and the impact of federal tax policy on the takeover process. The contributors conclude with an overview of the corporate impact of takeovers and specific policy recommendations.


Corporate Takeovers

Corporate Takeovers
Author:
Publisher:
Total Pages: 0
Release: 1987
Genre: Consolidation and merger of corporations
ISBN:

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Takeover Tactics and Public Policy

Takeover Tactics and Public Policy
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance
Publisher:
Total Pages: 580
Release: 1984
Genre: Investments, Foreign
ISBN:

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Takeover

Takeover
Author: Domingo Morel
Publisher: Oxford University Press
Total Pages: 209
Release: 2018
Genre: Education
ISBN: 0190678976

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State takeovers of local governments have garnered national attention of late, particularly following the water crisis in Flint, Michigan. In most U.S. cities, local governments are responsible for decisions concerning matters such as the local water supply and school affairs. However, once a state takes over, this decision-making capability is shuttled. Despite the widespread attention that takeovers in Flint and Detroit have gained, we know little about how such takeovers--a policy option that has been in use since the 1980s--affect political power in local communities. By focusing on takeovers of local school districts, this book offers the first systematic study of state takeovers of local governments. Although many major U.S. cities have experienced state takeovers of their local school districts, we know little about the political causes and consequences of takeovers. Complicating this phenomenon are the justifications for state takeokers; while they are assumedly based on concerns with poor academic performance, questions of race and political power play a critical role in the takeover of local school districts. However, Domingo Morel brings clarity to these questions and limitations--he examines the factors that contribute to state takeovers as well as the effects and political implications of takeovers on racialized communities, the communities most often affected by them. Morel both lays out the conditions under which the policy will disempower or empower racial and ethnic minority populations, and expands our understanding of urban politics. Morel argues that state interventions are a part of the new normal for cities and offers a novel theoretical framework for understanding the presence of the state in America's urban areas. The book is built around an original study of nearly 1000 school districts, including every school district that has been taken over by their respective state, and a powerful case study of Newark, New Jersey.