Table of Contents
Preface
Introduction
Alan J. Auerbach
1.The Impact of Firm Acquisitions on Labor
Charles Brown and James L. Medoff
Comment: Geoffrey Carliner
Comment: Henry S. Farber
2. Breach of Trust in Hostile Takeovers
Andrei Shleifer and Lawrence H. Summers
Comment: Bengt Holmstrom
Comment: Oliver E. Williamson
3. The Effect of Takeover Activity on Corporate Research and Development
Bronwyn H. Hall
Comment: Charles Brown
Comment: Ariel Pakes
4. Characteristics of Targets of Hostile and Friendly Takeovers
Randall Mørck, Andrei Schleifer, and Robert W. Vishny
Comment: Oliver S. D'Arcy Hart
Comment: Michael C. Jensen
5. Do Target Shareholders Lose in Unsuccessful Control Contests?
Richard S. Ruback
Comment: Andrei Schleifer
Comment: Robert W. Vishney
6. The Effects of Taxation on the Merger Decision
Alan J. Auerbach and David Reishus
Comment: James M. Poterba
Comment: John B. Shoven
7. Share Repurchases and Acquisitions: An Analysis of Which Firms Participate
Laurie Simon Bagwell and John B. Shoven
Comment: David F. Bradford
Comment: Jerry R. Green
8. Means of Payment Takeovers: Results for the United Kingdom and the United States
Julian R. Franks, Robert S. Harris, and Colin Mayer
Comment: Artur Raviv
Comment: Richard S. Ruback
9. A Time-Series Analysis of Mergers and Acquisitions in the U.S. Economy
Devra L. Golbe and Lawrence J. White
Comment: Steven C. Salop
Comment: Robert A. Taggart, Jr.
10. Panel Discussion: Corporate Takeovers and Public Policy
Joseph A. Grundfest, Gregg Jarrell, Steven C. Salop, and Lawrence J. White
List of Contributors
Name Index
Subject Index
