Governance and the Market for Corporate Control is a textbook for use on business courses dealing with mergers, acquisitions, governance restructuring and corporate control.
Three key features distinguish this book from competing texts. First, following up on recent developments in the corporate arena, it places a heavy emphasis on managerial compensation, incentives and corporate performance. Second, its conciseness allows for flexibility of use. Third, its coverage is broad and examines many topics including:
- significant discussions of corporate governance
- power and voting
- managerial compensation
- going private transactions
- corporate restructuring
- event study methodology.
As well as combining theoretical, empirical, quantitative and practitioner-oriented matter, the material in this key book provides the academic foundation necessary to ensure students’ understanding of important concepts.
Table of Contents
1. An Introduction to the Market for Corporate Control 2. Corporate Boards, Power and Voting 3. Managerial Compensation, Shareholdings and Performance 4. Corporate Takeovers 5. Takeover Valuation 6. Going Private and Other Control Transactions 7. Event Study Methodology 8. Empirical Evidence on Takeover Activity 9. Corporate Governance Failures
John L. Teall is Professor of Finance at Pace University. A former member of the American Stock Exchange, Dr. Teall has lectured in universities around the world. He wrote Financial Market Analytics, co-authored Quantitative Methods for Finance and Investments and has written articles for numerous scholarly journals.
'Dr. Teall has done an admirable job distilling the essential concepts, problems and theories of corporate control into a single concise and accessible volume. Topics in this well organized text range from the theory of the firm and corporate acquisitions to power, voting, abuses and excesses of managerial entrenchment and compensation policy. Theories and models are explained clearly in this book, as are empirical and computational methodologies. Discussions on the economic impacts of M&A activity, compensation policy and organizational structures are fascinating and important reading material for business, law and economics students at all levels.'
Iftekhar Hasan, Cary L. Wellington Professor of Finance, Lally School of Management and Technology, Rensselaer Polytechnic Institute