Governance and the Market for Corporate Control

By John L. Teall

© 2007 – Routledge

270 pages | 2 B/W Illus.

Purchasing Options:
Paperback: 9780415397872
pub: 2006-12-20
US Dollars$67.95
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Hardback: 9780415397865
pub: 2006-12-20
US Dollars$195.00
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e–Inspection Copy

About the Book

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
  • takeovers
  • 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.

Reviews

'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

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

About the Author

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.

About the Series

Routledge Contemporary Corporate Governance

This series provides an authoritative, thought-provoking and well-balanced series of textbooks in the rapidly emerging field of corporate governance. It makes a significant impact in this emerging field: defining and illuminating problems; going beyond the official emphasis on regulation and procedures to understand the behaviour of executives, boards, and corporations; and analyzing the wider impact and relationships involved in corporate governance.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS017000
BUSINESS & ECONOMICS / Corporate Finance