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Sunday, August 9, 2020 | History

2 edition of Breach of trust in takeovers and the optimal corporate charter found in the catalog.

Breach of trust in takeovers and the optimal corporate charter

by Monika Schnitzer

  • 222 Want to read
  • 25 Currently reading

Published by Massachusetts Institute of Technology in Cambridge, Mass .
Written in English


Edition Notes

StatementMonika Schnitzer
SeriesWorking paper / Department of Economics -- no. 92-10, Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 92-10.
The Physical Object
Pagination27 p. :
Number of Pages27
ID Numbers
Open LibraryOL24637271M
OCLC/WorldCa26460134

  The evidence on contract wages, Journal of Financial Econom Scharfstein, David, , The disciplinary role of takeovers, Review of Economic Stud Schnitzer, Monika, , Breach of trust in takeovers and the optimal corporate charter, Journal of Industrial Econom Another excellent book by David Ellis. In Breach of Trust we are once again introduced to Jason Kolarich. I believe the storyline for this book actually takes place before that of The Hidden Man his previous book (which I read and absolutely loved)/5().

  The overlooked complexities of fiduciary political theory in Politicians as Fiduciaries also spill over into the question about whether judicial enforcement is really the best design choice for fiduciary oversight. Rave’s argument in support of judicial resolution of political gerrymandering claims is simple enough: “Just as the remedy for breach of the duty of loyalty . Some states are also suspicious of attempts to co-opt the trust charter for the benefit of companies that do not specialize in traditional trust services. One sticking point is whether fintech firms would satisfy the duty of acting as a fiduciary, which is a typical legal obligation for trust companies to place customers' interests above the.

Summers, Breach of Trust in Hostile Takeovers, in CORPORATE TAKEOVERS: CAUSES AND CONSEQUEN (Alan J. Auerbach ed., ); Thomas A. Smith, The Efficient Norm for Corporate Law: A Neotraditional Interpretation . corporate defense law for dispersed ownership nicholas l. georgakopoulos* contents i. introduction ii. ownership dispersion and mechanisms of corporate control.


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Breach of trust in takeovers and the optimal corporate charter by Monika Schnitzer Download PDF EPUB FB2

"\"Breach of Trust\" in Takeovers and the Optimal Corporate Charter," Munich Reprints in EconomicsUniversity of Munich, Department of Economics. Schnitzer, M., "Breach of Trust in Takeovers and the Optimal Corporate Charter," Working papersMassachusetts Institute of Technology (MIT), Department of Economics.

"BREACH OF TRUST" IN TAKEOVERS AND THE. OPTIMAL CORPORATE CHARTER* The paper analyzes how takeovers, various takeover defences, and golden parachkes affect the value of target companies, using an incomplete contracts framework. We consider a raider who can im~rove the efficiencv of production and appropriate rents of stakeholders of the cornpan.

Schnitzer, Monika (): \"Breach of Trust\" in Takeovers and the Optimal Corporate Charter. In: The Journal of Industrial Economics, Vol. 43, Nr. 3: S. Schnitzer, M., "Breach of Trust in Takeovers and the Optimal Corporate Charter," Working papersMassachusetts Institute of Technology (MIT), Department of Economics.

Handle: RePEc:mit:worpap takeoversaffectthemanager'ion4amodelofthetender procedure is introduced which endogenizesthetakeover price and takeover probability. In Section 5 we discuss theoptimal choiceof thecorporate charter from thepoint of view. "Breach of Trust" in Takeovers and the Optimal Corporate Charter.

By Monika Schnitzer. Abstract. This paper analyzes how takeovers, various takeover defenses, and golden parachutes affect the value of target companies using an incomplete contracts framework.

The author considers a raider who can improve the efficiency of production and. Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): (external link).

Schnitzer, Monika (): “Breach of Trust in Takeovers and the Optimal Corporate Charter”, Journal of Industrial Economics, 43, forthcoming. Google Scholar Stein, Jeremy C. (): “Takeover Threats and Managerial Myopia”, Journal of Political Economy, 96, 61– Such a breach need not be intentional or with malice, but can be due to negligence.

2) breaking a promise or confidence. (See: breach) breach of trust a failure by a trustee to discharge the duties imposed on him by the terms of the trust or by the general law in relation to the trust property or the beneficiaries.

BREACH OF TRUST. Hostile takeovers are an innovation allowing shareholders to renege on such contracts ex post, against managers' will. On this view, shareholder gains are redistributions from stakeholders, and can in the long run result in deterioration of trust necessary for the functioning of the corporation.

Breach of Trust in Takeovers and the Optimal Corporate Charter. by Schnitzer, M. Privatization and Management Incentives in the Transition Period in Eastern Europe. by Schmidt, K.

& Schnitzer, M. Disorganization and Financial Collapse by Dalia Marin & Monika Schnitzer; Economic Incentives and International Trade by Dalia Marin & Monika Schnitzer. Title "Breach of Trust" in Takeovers and the Optimal Corporate Charter Created Date: Z.

> A takeover bid can be used for either a friendly or hostile acquisition of a company or trust. > A takeover bid involves the making of individual offers to purchase target securities at a specified bid price. > There are 2 types of takeover bid: an off market bid and a market bid.

> Virtually all takeover bids are off-market bids. Breach of Trust' in Takeovers and the Optimal Corporate Charter." (). Collusion and the Theory of Organizations." ().

Collusion in Hierarchical Agency." (). Contract Complexity, Incentives, and the Value of Delegation.". "BREACH OF TRUST" IN TAKEOVERS AND THE OPTIMAL CORPORATE CHARTER* MONIKA SCHNITZER The paper analyzes how takeovers, various takeover defences, and golden parachutes affect the value of target companies, using an incomplete contracts framework.

We consider a raider who can improve the efficiency. Author DiAnn Mills treats readers to a suspense-filled read with her newest book, Breach of Trust, due out in March The story's heroine, Paige Rogers, is an ex-CIA operative, who has gone into hiding in a small town in Oklahoma/5().

Takeover Threats and Managerial Myopia," (). The "Breach of Trust" in Takeovers and the Optimal Corporate Charter,". A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text.

over Charter Provisions As Precommitment, “Breach of Trust” in Takeovers and the Optimal Corporate Charter, Optimal Defaults for Corporate Law Evolu. For these reasons, many people decide the role is best left to a corporate trustee with deep experience in administration and oversight.

A corporate trustee offers a range of services that can potentially ensure a smooth trust administration process over time, helping to meet the objectives of the grantor of the trust.

(). A mechanism Design Approach to and Optimal contract under Ex ante and Ex post private information. (). An empirical investigation of the impact of Antitakeover.

(). Antitakeover Measures, Golden Parachutes. (). Awarding Monopoly Franchises. (). Breach of Trust ” in Takeovers and the Optimal Corporate Charter. (). “ Entrenchment and Severance Pay in Optimal Governance Structures.” “ Antitakeover Charter Amendments and Stockholder Wealth.” “Breach of Trust in Hostile Takeovers.” In Corporate Takeovers: Causes and Consequences, Auerbach, A.

J., ed. Chicago.Breach of Trust in Hostile Takeovers Andrei Shleifer, Lawrence H. Summers. NBER Working Paper No. (Also Reprint No. r) Issued in August The paper questions the common view that share price increases of firms involved in hostile takeovers measure efficiency gains from acquisitions.