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Table: Hypotheses - Effects of market
for corporate control on performance and other incentive mechanisms in
corporate governance Click here to see an exhibition on these issues and their relation to other hypotheses in corporate governance. |
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8) From market for corporate
control to corporate
performance |
8A: The presence of a well functioning market for corporate control may deter managers from running the firm below its performance potential since that would make the firm vulnerable to takeover (Manne [1965], Marris [1964], and Jensen and Ruback [1983]). |
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- Copyright 1997-2008, ViamInvest. Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Legal notice. |
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