The Market for Corporate Control: The Empirical Evidence Since 1980

19881,143 citationsJournal Articlebronze Open Access

Authors

Gregg A. Jarrell · Psychiatric Medicine Associates

James A. Brickley · University of Rochester

Jeffry M. Netter · United States Securities and Exchange Commission

Abstract

In the 1980s, the market for corporate control has been increasingly active, and the quantity of output of academic researchers studying corporate control questions has mirrored the market activity. This review examines the returns to bidders and targets, and the effects of defending against hostile takeovers.

Topics & Keywords

Corporate Finance and Governance Banking stability, regulation, efficiency Corporate Insolvency and Governance

UN Sustainable Development Goals

Peace, Justice and strong institutions

Publication Details

Published in: The Journal of Economic Perspectives

Volume 2, Issue 1, pp. 49-68

DOI: 10.1257/jep.2.1.49

Field-Weighted Citation Impact: 100.10