Hostile Takeovers as a Way of Effectiveness Improvement

• Authors: Czerwonka L.
• Languages of publication: PL

Abstracts

EN

If a takeover is successful, the existing management is usually terminated. The target company's management therefore uses a wide variety of strategies to foil the merger attempt. All these strategies prevent a company from changing top management. It can be a source of inefficiency, namely it can be disadvantageous for shareholders. But this inefficiency can be lessened by the threat of a hostile takeover. So, the threat of a hostile takeover is the part of the mechanism disciplining managers to maximize company profits. The article presents methods of defence against hostile takeovers and influence of those methods on firm's activities and its value

Keywords

EN

HOSTILE TAKEOVER (DEFENCE AGAINST)

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2007
• Volume: 10
• Issue: 3(36)
• Pages: 106-112
• Document type: ARTICLE

Contributors

author

Czerwonka L.

• L. Czerwonka, Uniwersytet Gdanski, Wydzial Ekonomiczny, Katedra Mikroekonomii, ul. Armii Krajowej 119/121, 81-824 Sopot, Poland

Identifiers

CEJSH db identifier

08PLAAAA04849223