Contribution list
Conference paper
Published 01/06/2012
Annual Conference of the Multinational Finance Society, 24/06/2012–27/06/2012, Kraków, Poland
Conference paper
Published 01/05/2012
European Accounting Association (EAA) Annual Congress, 09/05/2012–11/05/2012, Ljubljana, Slovenia
Conference paper
Preventive anti-takeover defenses: evidence from the French market for corporate control
Published 01/04/2011
European Accounting Association (EAA) Annual Congress, 20/04/2011–22/04/2011, Rome, Italy
Conference paper
Preventive anti-takeover defenses: evidence from the French market for corporate control
Published 01/05/2010
Microfinance Centre (MFC) Annual Conference, 26/05/2010–28/05/2010, Astana, Kazakhstan
Conference paper
Preventive Anti-Takeover Defenses: Evidence from the French Market for Corporate Control
Published 01/06/2006
European Financial Management Association (EFMA) Annual Meeting, 28/06/2006–01/07/2006, Madrid, Spain
Considering the French market for corporate control specificities, this paper examines the existence of preventive anti-takeover defenses and their efficiency in France during the 1989-1998 period. Based on a sample of 162 firms, results show that preventive defenses linked to the board and ownership structure have the most deterrent effect on ex ante takeover likelihood. Moreover, only those based on voting rights may help the manager to protect her human capital ex post. In both cases, we observe a positive influence of performance variables suggesting that the French market for corporate control is mostly driven by a rent-seeking behavior of managers.
Conference paper
Overview on Preventive anti-takeover Defenses
Published 01/12/2004
Australasian Finance and Banking Annual Conference, 15/12/2004–18/12/2004, Sydney, Australia