Naslov
Empirical research about the market for corporate control in Repulic of Croatia

Autori
Filipović, Davor ; Cingula, Marijan ; Tipurić, Darko

Izvornik
Ekonomska misao i praksa : časopis Sveučilista u Dubrovniku (1330-1039) 20 (2011), 2; 385-396

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
market for corporate control ; takeover ; empirical research ;

Sažetak
The market for corporate control can be viewed as an exogenous organizational variable that puts pressure on managers to behave and make investment decisions that are coherent with the interests of shareholders. With the respect to the fact that there is a lack of researches in the Republic of Croatia regarding the impact of the market for corporate control on the performance of the target companies and taking into consideration that poor effectiveness of the management for a longer period of time results in poor company performance, this paper will test the hypothesis the hypothesis according to which companies that have a below average profitability in its industry, over a longer period of time, are more likely to become takeover targets as compared to other companies in the industry. This paper also examines the impact of the market for corporate control on the performance of target companies after the takeover.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA