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Efficiency & Discipline

  • Mitchell, Mark and Kenneth Lehn. 1990. Do Bad Bidders Become Good Targets? Journal of Political Economy, 98: 372-98.

  • Scharfstein, David. 1988. The Disciplinary Role of Takeovers. Review of Economic Studies, 55: 185-99.

  • Shleifer, Andrei & Robert W. Vishny. 1989. Management Entrenchment: The Case of Manager-Specific Investments. Journal of Financial Economics 25(1): 123-39.

  • Stein, Jeremy. 1989. Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior. Quarterly Journal of Economics, 104: 655-69.

  • Walsh, James P. & John W. Ellwood. 1991. Mergers, Acquisitions, and the Pruning of Managerial Deadwood. Strategic Management Journal 12: 201-217.

  • Walsh, James P. & Rita D. Kosnik. 1993. Corporate Raiders and their Disciplinary Role in the Market for Corporate Control. Academy of Management Review 36: 671-700.

  • Walsh James P. & James K. Seward. 1990. On the Efficiency of Internal and External Corporate Control Mechanisms. Academy of Management Review 15: 421-58.

 

 
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