The Ethical Economy of the Market for Corporate Control and for Corporate Know-How
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Buying up qualified percentages or majority holdings of the total shares of a firm is a somewhat peculiar kind of transaction, which makes it justifiable to differentiate between trading in shares to gain control over a corporation and normal trading in company shares. Although trading that has the purpose of gaining corporate control is conducted in the same market as normal trading, namely on the stock exchange, it is obvious that this type of trading conforms to a different pattern.
KeywordsCorporate Governance Capital Market Management Team Corporate Control Hostile Takeover
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