Table of contents
Corporate Finance and the Legal Environment — An Introduction
M. Andrew FieldsAn appreciation of the legal environment becomes more important with each passing year for anyone involved in corporate finance. A casual glance at the morning newspaper will…
The Business Judgement Rule vs. the Efficient Market Hypothesis
Donald G. MargottaContests for corporate control often create a conflict between a legal principle, the business judgment rule (BJR), and an economics principle, the efficient market hypothesis…
The Effect of Liability Exposure on the Actions of Directors and Officers of Major U.S. Firms
Bill Scroggins, William Fielding, Louise ClarkThis paper presents the results from 149 responses to an August 1992 mail questionnaire survey of CEOs of the Business Week 1000 firms to examine their perception of liability…
Firm Size, Antitakeover Charter Amendments, and the Effect of State Antitakeover Legislation
M. Andrew Fields, Janet M. ToddThis study investigates the impact of state antitakeover legislation on the market value of affected firms and considers the role that both acquisition attractiveness, as measured…
Evidence of Market Overreaction to State Antitakeover Legislation
William N. Pugh, John S. JaheraThe rise in hostile corporate takeover attempts during the 1980s motivated many states to pass antitakeover legislation, often after lobbying by the management of affected firms…
Wealth Effects from Acquiring Bankrupt Firms
Kenneth Bartunek, Jeff Madura, Alan L. TuckerAcquisitions of bankrupt firms can be beneficial because the bankrupt targets may be more receptive to acquisition offers for the purpose of survival, courts can override any…
ISSN:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson