The Market for Corporate Control
William Forbes and
Lynn Hodgkinson
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William Forbes: Loughborough University
Chapter 8 in Corporate Governance in the United Kingdom: Past, Present and Future, 2015, pp 50-60 from Palgrave Macmillan
Abstract:
Abstract Bidders and targets in cross-border mergers, in both financial and non-financial industries, appear to perform better than purely in domestic takeovers although this may be due to differences in the bidders’ and targets’ corporate governance regimes. Research findings are, as yet, mixed as to whether private equity financed takeovers earn significant returns on exit. The impact of recent reforms to UK legislation concerning competition rules are yet to be fully understood but whilst it appears to have enabled anti-trust actions to be taken more quickly, some consider the reforms intrusive whilst others consider the reforms are insufficient.
Keywords: Corporate Governance; Earning Management; Private Equity; Corporate Control; Leverage Buyout (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-45174-3_8
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DOI: 10.1057/9781137451743_8
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