de Jong, de Jong, A.; van der Poel, van der Poel, A.M.; … - Erasmus Research Institute of Management (ERIM), … - 2007
and power to monitor the management. The average abnormal stock return following acquisition announcements is 1.1%, which … the shareholders. Corporate governance structures serve to constrain managers in their acquisition activity. In this … corporate governance, because the managerial board has a relatively strong position vis-à-vis shareholders. Several takeover …