Yes! Regulation does affect a takeover target's returns

Hamish Anderson

No 372606, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: The optimal level of takeover regulation is an ongoing subject of debate. While it's important to have sufficient regulation in place to protect the interests of minority shareholders, regulation that is too strict will leave bidders unable to extract an appropriate return for their efforts - which will deter value-creating takeover activity and allow under-performing management to become entrenched. Ben Marshall and Hamish Anderson outline some recent research.

Date: 2008-11-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:372606

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