In the present work we attempt to fill this gap, evaluating on empirical grounds not only the role of corporate governance systems and investor protection factors, but also the influence that alternative technological regimes can play on mergers and takeovers. This comprehensive analysis is another step along the lines suggested by Hall and Soskice (2001), two authors who have shown that the industrial specialization of each country may be seen in its complementarity with its institutional framework. Until now, this complementarity between production regimes and varieties of capitalism has not been fully explored in terms of the role of the market for corporate control.
Takeover Activities In The Last European Merger Wave: A Cross-Country Comparison
DAMIANI, Mirella;POMPEI, Fabrizio
2009
Abstract
In the present work we attempt to fill this gap, evaluating on empirical grounds not only the role of corporate governance systems and investor protection factors, but also the influence that alternative technological regimes can play on mergers and takeovers. This comprehensive analysis is another step along the lines suggested by Hall and Soskice (2001), two authors who have shown that the industrial specialization of each country may be seen in its complementarity with its institutional framework. Until now, this complementarity between production regimes and varieties of capitalism has not been fully explored in terms of the role of the market for corporate control.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
