This paper tests the hypothesis that the threat of a contested <p> takeover improves corporate performance. This is done by a cross-sectional <p> analysis of listed Danish firms with and without effective takeover defenses. <p> Takeover defenses adopted by Danish firms mainly consist of dual class <p>...</p></p></p></p>

The article studies how takeover defenses influence managerial <p> incentives with respect to long term investments, excess liquidity and the amount of <p> debt relative to equity. The article conducts a cross-sectional regression based on a <p> sample of Danish listed firms, dealing explicitly with the...</p></p></p>

We conduct an analysis of legal pre-emption rights in which a beneficiary has a right but not an obligation to acquire a specific good at a certain price. We analyse how such an option influences seller and other prospective buyers. Furthermore, we address the question of the efficiency loss if...

Abstract: We argue that enforcement costs, ignored in the literature <p> on ‘efficient breach’, are important for the choice of contract breach <p> remedy. Empirically we find that specific performance is almost never <p> claimed in Civil Law countries. It involves forcing a party in breach to <p>...</p></p></p></p>

A curious ownership structure is found in Northern Europe – foundations that own <p> and operate business companies. The foundations are non-profit entities, they have no <p> members and no owners, and they cannot be dissolved, but regard it as a goal in itself <p> to run a business. In many cases...</p></p></p>

This article analyzes how Danish listed firms comply with the Danish Corporate Governance Code's recommendations regarding the categories: Role of shareholders, role of stakeholders and transparency. It is shown that the number of recommendations can be explained by six different underlying...