Takeovers: Their Causes and Consequences

Takeovers: Their Causes and Consequences Abstract Economists have accumulated considerable evidence and knowledge on the effects of the takeover market. Here, I focus on current aspects of the controversy. My assessment is that the market for corporate control is creating large benefits for shareholders and for the economy as a whole by loosening control over vast amounts of resources and enabling them to move more quickly to their highest-valued use. This is a healthy market in operation, on both the takeover side and the divestiture side, and it is playing an important role in helping the American economy adjust to major changes in competition and regulation of the past decade. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Takeovers: Their Causes and Consequences

Journal of Economic Perspectives, Volume 2 (1) – Feb 1, 1988

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Publisher
American Economic Association
Copyright
Copyright © 1988 by the American Economic Association
Subject
Symposium
ISSN
0895-3309
D.O.I.
10.1257/jep.2.1.21
Publisher site
See Article on Publisher Site

Abstract

Abstract Economists have accumulated considerable evidence and knowledge on the effects of the takeover market. Here, I focus on current aspects of the controversy. My assessment is that the market for corporate control is creating large benefits for shareholders and for the economy as a whole by loosening control over vast amounts of resources and enabling them to move more quickly to their highest-valued use. This is a healthy market in operation, on both the takeover side and the divestiture side, and it is playing an important role in helping the American economy adjust to major changes in competition and regulation of the past decade.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Feb 1, 1988

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