The Deal Decade Handbook

The Deal Decade Handbook PDF Author: Margaret M. Blair
Publisher: Brookings Institution Press
ISBN: 9780815719540
Category : Business & Economics
Languages : en
Pages : 92

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Book Description
In this companion handbook to The Deal Decade: What Takeovers and Leveraged Buyouts mean for Corporate Governance, Margaret Blair and Girish Uppal present summary statistics and details on the corporate restructuring movement of the 1980s. The authors summarize data from private buyouts, junk bond issuances, and aggregate changes in corporate debt. They also report on the changing patterns of corporate ownership, shareholder activism, and changes in the law affecting takeovers. Finally, they put the 1980s into historical context by presenting data tracking merger and acquisition activity since 1955.

The Deal Decade Handbook

The Deal Decade Handbook PDF Author: Margaret M. Blair
Publisher: Brookings Institution Press
ISBN: 9780815719540
Category : Business & Economics
Languages : en
Pages : 92

Get Book

Book Description
In this companion handbook to The Deal Decade: What Takeovers and Leveraged Buyouts mean for Corporate Governance, Margaret Blair and Girish Uppal present summary statistics and details on the corporate restructuring movement of the 1980s. The authors summarize data from private buyouts, junk bond issuances, and aggregate changes in corporate debt. They also report on the changing patterns of corporate ownership, shareholder activism, and changes in the law affecting takeovers. Finally, they put the 1980s into historical context by presenting data tracking merger and acquisition activity since 1955.

Leveraged Buyouts

Leveraged Buyouts PDF Author: Stephen C. Diamond
Publisher: McGraw-Hill Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 212

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Book Description


The Deal Decade

The Deal Decade PDF Author: Margaret M. Blair
Publisher: Brookings Institution Press
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 416

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Book Description
U.S. companies are still reeling from the takeovers, leveraged buyouts, junk bond issues, re-capitalizations, and other financial restructuring transactions that reshaped corporations in the 1980s. In this book, distinguished economists and scholars in the business administration, management, and law discuss how those transactions affected corporate management and the financial markets. The authors examine why so much corporate restructuring occurred and, particularly, what corporate governance problems were behind it. They evaluate the causes and effects of restructuring, the economic, political, and legal environment that encouraged it, and the new laws and court rulings that resulted. The contributors explain that financial restructuring was driven by a dispute over who should control large public corporations, what their goals should be, to whom the organizations and their managers should be accountable, and how to make them more accountable. Although the wave of financial restructuring itself has subsided, this conflict remains unsolved and will continue to influence the business climate. The Deal Decade addresses such issues as: Why did long-dormant questions about corporate performance and governance surface in the 1980s? Why did they manifest themselves in takeovers and financial restructurings? Why would capital structure be likely to affect corporate performance? Were the increased use of debt and rapid pace of innovation in financial markets, and the explosion in takeover activity independent phenomena or related? And if related, which caused which? Finally, why did the impulse to restructure subside without having resolved the controversies that underlay it?

Public Policy Toward Corporate Takeovers

Public Policy Toward Corporate Takeovers PDF Author: Murray L. Weidenbaum
Publisher: Transaction Publishers
ISBN: 9781412832458
Category : Political Science
Languages : en
Pages : 200

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Book Description
This volume examines critical issues in the debate over the effects' of the current wave of corporate takeovers. Media accounts are often sensational, but proposed public policy remedies need to be evaluated on the basis of more than simple rhetoric. The studies contained in this collection provide solid economic grounding for the debate. Public Policy Toward Corporate Takeovers is the result of extensive research sponsored by the Center for the Study of American Business and directed by Murray Weidenbaum; it examines key aspects of takeovers: the evolving regulatory role of the Antitrust Division, state versus federal authority over offensive and defensive takeover maneuvers, whether leveraged buyouts improve the firm's economic performance, and the validity of assertions about "entrenched" managements. The book also includes the views of the most publicized corporate raider, T. Boone Pickens. Balancing Pickens' highly favorable view of the value of hostile takeovers as a disciplining factor for subpar management performance is a chapter by David Ravenscraft of the Federal Trade Commission, who takes a long-term viewpoint and argues that the popular belief that takeovers create substantial efficiencies has not been borne out by the record. The overall findings do not fully support either side of the takeover controversy. The book presents both legal and economic perspectives, and suggests strategies for government policymakers as well as leaders of private enterprise.

Leveraged Buyouts and Corporate Takeovers

Leveraged Buyouts and Corporate Takeovers PDF Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 294

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Book Description


Mergers, Acquisitions, and Leveraged Buyouts

Mergers, Acquisitions, and Leveraged Buyouts PDF Author: Robert Lawrence Kuhn
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 984

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Book Description


The Deal Decade

The Deal Decade PDF Author: Margaret Blair
Publisher: Brookings Institution Press
ISBN: 0815719531
Category : Business & Economics
Languages : en
Pages : 407

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Book Description
U.S. companies are still reeling from the takeovers, leveraged buyouts, junk bond issues, re-capitalizations, and other financial restructuring transactions that reshaped corporations in the 1980s. In this book, distinguished economists and scholars in the business administration, management, and law discuss how those transactions affected corporate management and the financial markets. The authors examine why so much corporate restructuring occurred and, particularly, what corporate governance problems were behind it. They evaluate the causes and effects of restructuring, the economic, political, and legal environment that encouraged it, and the new laws and court rulings that resulted. The contributors explain that financial restructuring was driven by a dispute over who should control large public corporations, what their goals should be, to whom the organizations and their managers should be accountable, and how to make them more accountable. Although the wave of financial restructuring itself has subsided, this conflict remains unsolved and will continue to influence the business climate. The Deal Decade addresses such issues as: Why did long-dormant questions about corporate performance and governance surface in the 1980s? Why did they manifest themselves in takeovers and financial restructurings? Why would capital structure be likely to affect corporate performance? Were the increased use of debt and rapid pace of innovation in financial markets, and the explosion in takeover activity independent phenomena or related? And if related, which caused which? Finally, why did the impulse to restructure subside without having resolved the controversies that underlay it?

Case Studies of Selected Leveraged Buyouts

Case Studies of Selected Leveraged Buyouts PDF Author:
Publisher: DIANE Publishing
ISBN: 0941375471
Category :
Languages : en
Pages : 132

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Book Description
What happens to companies that had been taken over through an LBO; how have they performed since the takeover; how have the communities been affected; what happened to companies that amassed tremendous debt to avoid being taken over? In order to address these questions in this report, case studies were done of the companies that experienced an LBO or a takeover attempt during the mid- to late 1980s. The assessment was based primarily on public documents and financial reports filed by the companies with the SEC.

Leveraged Management Buyouts

Leveraged Management Buyouts PDF Author: Yakov Amihud
Publisher: Beard Books
ISBN: 9781587981388
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
Papers presented at a conference held at the Leonard N. Stern School of Business, New York University, on May 20, 1988, and sponsored by the Salomon Brothers Center for the Study of Financial Institutions. The 1989 edition of this proceedings volume was published by Dow-Jones-Irwin. Academics, legis

The Complete Guide to a Successful Leveraged Buyout

The Complete Guide to a Successful Leveraged Buyout PDF Author: Allen Michel
Publisher: McGraw-Hill Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 392

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Book Description