TY  - JOUR
AB  - The effects of a proxy contest for control on a company are examined in this paper over a short, intermediate and long‐term post‐contest period of time. Major findings are as follows. First, compared to a non‐contest matchinggroup of firms, proxy contest for control firms as a whole are poor performers in the immediate post‐contest period. Successful contest firms, however, tend to improve performance whereas unsuccessful ones tend to deteriorate in the short‐term. Second, contest outcome does not appear to affect survivability over either the intermediate or long term. However, over the intermediate term, unsuccessful contest firms more often suffer losses and are acquired, and are less often involved in divestiture and expansion activities. Finally, in the long term, successful contest firms show a higher incidence of bank‐ruptcy and are more likely to engage in a name change.
VL  - 18
IS  - 7/8
SN  - 0307-4358
DO  - 10.1108/eb013704
UR  - https://doi.org/10.1108/eb013704
AU  - Mukherjee Tarun K.
AU  - Varela Oscar
PY  - 1992
Y1  - 1992/01/01
TI  - Corporate Behavior After the Proxy Contest for Control: The Short, Intermediate and Long Term
T2  - Managerial Finance
PB  - MCB UP Ltd
SP  - 77
EP  - 94
Y2  - 2024/04/26
ER  -