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  3. Journal of Economic Perspectives
  4. Winter 1988
  5. The Market for Corporate Control: The Empirical Evidence Since 1980

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

The Market for Corporate Control: The Empirical Evidence Since 1980

  • Gregg A. Jarrell
  • James A. Brickley
  • Jeffry M. Netter
Journal of Economic Perspectives
vol. 2, no. 1, Winter 1988
(pp. 49–68)
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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.

Citation

Jarrell, Gregg A., James A. Brickley, and Jeffry M. Netter. 1988. "The Market for Corporate Control: The Empirical Evidence Since 1980." Journal of Economic Perspectives 2 (1): 49–68. DOI: 10.1257/jep.2.1.49

JEL Classification

  • G14 Information and Market Efficiency; Event Studies; Insider Trading
  • G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
  • G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
  • G38 Corporate Finance and Governance: Government Policy and Regulation
  • K21 Antitrust Law
  • K22 Business and Securities Law