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Monday, July 20, 2020 | History

4 edition of Corporate takeovers and productivity found in the catalog.

Corporate takeovers and productivity

by Frank R. Lichtenberg

  • 150 Want to read
  • 17 Currently reading

Published by MIT Press in Cambridge, Mass .
Written in English

    Places:
  • United States.,
  • United States
    • Subjects:
    • Labor productivity -- United States.,
    • Consolidation and merger of corporations -- United States.,
    • Airlines -- United States -- Case studies.

    • Edition Notes

      Includes bibliographical references (p. 143-149) and index.

      StatementFrank R. Lichtenberg.
      Classifications
      LC ClassificationsHC110.L3 L53 1992
      The Physical Object
      Paginationx, 153 p. ;
      Number of Pages153
      ID Numbers
      Open LibraryOL1560975M
      ISBN 100262121646
      LC Control Number91042262

      Corporate mergers and acquisitions are undertaken with the belief that the combined companies will be able to grow more rapidly and be competitively stronger than they were as independent companies. The management teams of both companies face ethical dilemmas prior to beginning the merger, as negotiations proceed and. Corporate Takeovers: The Efficiency Arguments by F. M. Scherer. Published in volume 2, issue 1, pages of Journal of Economic Perspectives, Winter , Abstract: In recent years, the tender offer takeover has been praised and damned with a ferocity suggesting that the survival of capitalism is.

      Downloadable (with restrictions)! This paper investigates how takeovers create value. Using plant-level data, I show that acquirers increase targets' productivity through more efficient use of capital and labor. Acquirers reduce capital expenditures, wages, and employment in target plants, though output is unchanged. Acquirers improve targets' investment efficiency through reallocating capital.   Takeovers, Restructuring, and Corporate Governance book. Read 2 reviews from the world's largest community for readers. This book brings together concept /5(2).

      The book series National Bureau of Economic Research Project Report published or distributed by the University of Chicago Press. Book Series: National Bureau of Economic Research Project Report All Chicago e-books are on sale at 30% off with the code EBOOK   In the paper, Corporate Takeovers and Economic Efficiency, written for the Annual Review of Financial Economics, I review recent takeover research which advances our understanding of the role of M&A in the drive for productive of this research places takeovers in the context of industrial organization, tracing with unprecedented level of detail “who buys who” up and .


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Corporate takeovers and productivity by Frank R. Lichtenberg Download PDF EPUB FB2

Corporate Takeovers and Productivity examines the effects of mergers and acquisitions, in general, and leveraged buyouts, in particular on a number of important, interrelated variables: on the productivity and market share of manufacturing plants, on fixed and R&D investment, on the employment and wages of both blue- and white-collar workers Cited by: Corporate Takeovers and Productivity examines the effects of mergers and acquisitions, in general, and leveraged buyouts, in particular on a number of important, interrelated variables: on the productivity and market share of manufacturing plants, on fixed and R&D investment, on the employment and wages of both blue- and white-collar workers.

ISBN: OCLC Number: Description: Seiten: Contents: The concept of relative plant productivity and its measurement using census LRD data; productivity and changes in ownership of manufacturing plants, Donald Siegel; takeovers and corporate overhead, with Donald Siegel; leveraged buyouts, with Donald Siegel; US and foreign mergers and LBOs.

Get this from a library. Corporate takeovers and productivity. [Frank R Lichtenberg] -- "The s saw explosive activity in the arena of corporate takeovers. In this revealing study Frank Lichtenberg uses Census Bureau and other data on hundreds of business transactions during the.

This book goes deep enough that students being introduced to this topic will find plenty to work on and get enough information to develop a feel for all that is involved in changing corporate control and ownership structure for any number of reasons.

The book has 22 chapters in six parts. The six parts are: 1)Takeovers and Mergers in PracticeCited by: 3. The Effect of Takeover Activity on Corporate Research and Development: Bronwyn H. Hall (p. 69 - ) (bibliographic info) (Working Paper version) 4. Characteristics of Targets of Hostile and Friendly Takeovers: Randall Morck, Andrei Shleifer, Robert W.

Vishny (p. - ) (bibliographic info) (Working Paper version) 5. Corporate Takeovers and Economic Efficiency ECGI - Finance Working Paper No.

/, Tuck School of Business Working Paper No. Number of pages: 50 Posted: 17 Oct Last Revised: 04 Dec His book Corporate Takeovers and Productivity has been published by MIT Press. He was awarded the Schumpeter Prize for his paper, Pharmaceutical Innovation as a Process of Creative Destruction; the Milken Institute Award for Distinguished Economic Research for the paper.

While most articles and books view such events from the perspective of investment bankers and corporate officers, little has been written about the impact of hostile takeovers on shareholders of. This paper contributes to two related strands of literature on corporate takeovers.

First, it builds upon studies on how takeovers affect targets' factor productivity. Maksimovic and Phillips () find that acquired plants' productivity experiences greater improvements when the acquirer is. Books shelved as business-productivity: The 4-Hour Workweek by Timothy Ferriss, Getting Things Done: The Art of Stress-Free Productivity by David Allen.

Corporate Takeovers HANDBOOK OF CORPORATE FINANCE: EMPIRICAL CORPORATE FINANCE, Vol. 2, Chap pp. B. E., Eckbo, ed., Elsevier/North-Holland Handbook of Finance Series, Tuck School of Business Working Paper No.

Post-merger corporate peformaiwe page 2 gains. Yet, differences of opinion about the source of the gains in takeovers underlies much of the public policy debate on their desirability. Gains from mergers could arise from a variety of sources, such as operating synergies, tax savings, transfers from employees or.

Abstract. The s saw explosive activity in the arena of corporate takeovers. In this revealing study Frank Lichtenberg uses Census Bureau and other data on hundreds of business transactions during the s and s to examine the effects of changes in corporate control on productivity.

Book • Edited by: B. Espen Eckbo Corporate Takeovers* Book chapter Full text access. Chapter 15 - Corporate Takeovers. executive productivity, the extent to which executives like or dislike taking certain actions that matter for shareholders, and characteristics of the industry all determine how strong or weak incentives should.

A friendly takeover is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recommends the offer be accepted by the shareholders.

Corporate takeovers are among the largest investments that a company ever. resulting in productivity increases.

Servaes. bidder and target have low book-to-market (B/M) ratios), and for. Corporate raids were particularly common in the s, s, and s in the United States. By the end of the s, management of many large publicly traded corporations had adopted legal countermeasures designed to thwart potential hostile takeovers and corporate raids, including poison pills, golden parachutes, and increases in debt.

Hostile takeovers are going to continue, as I have clearly described the reasons and scenarios behind it. What businesses need to look at is how and why such takeovers may take place and don’t try to annihilate small companies just for the sake of growing their portfolio.

The term takeover, of which the first form is mergers and acquisitions (MA), refers to the transfer of control of a business from one group of shareholders to another. Considering the importance of this issue and the real drives behind takeovers, it has become imperative to identifying companies that are vulnerable to takeover by two types: tender offer and exchange offer.

This book thus. Books on Corporate raiding and hostile takeovers. So recently I'be been reading a lot about Carl Ichan and am planning on writing a paper on him for an English class, but the main problem I've run into is although I understand what he did I'm having a hard time figuring how how he gathered the capital to try and buy out some of the companies he.Better market performance through better workforce productivity.

We do more human capital research than any other firm so that you and your team can better anticipate, prioritize, develop, and execute the talent practices that will help your organization maintain a competitive advantage.

Frank R. Lichtenberg is Associate Professor at the Columbia University Graduate School of Business and Research Associate at the National Bureau of Economic Research.