Takeovers and the debt assessments of firms and the stock market
The dissertation proposes a "speculative leveraging" theory of hostile corporate takeovers in the merger wave of the 1980s. It hypothesizes that takeovers became widespread because intense financial market competition during the 1970s created a short time horizon and a preference for lever...
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| Language: | ENG |
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ScholarWorks@UMass Amherst
1991
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| Online Access: | https://scholarworks.umass.edu/dissertations/AAI9207405 |