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The Market for Corporate Control

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Book cover Corporate Governance in the United Kingdom: Past, Present and Future

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Abstract

Bidders and targets in cross-border mergers, in both financial and non-financial industries, appear to perform better than purely in domestic takeovers although this may be due to differences in the bidders’ and targets’ corporate governance regimes. Research findings are, as yet, mixed as to whether private equity financed takeovers earn significant returns on exit. The impact of recent reforms to UK legislation concerning competition rules are yet to be fully understood but whilst it appears to have enabled anti-trust actions to be taken more quickly, some consider the reforms intrusive whilst others consider the reforms are insufficient.

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Author information

Authors and Affiliations

  1. Loughborough University, UK

    William Forbes (Professor of Accounting and Finance)

  2. Bangor Business School, UK

    Lynn Hodgkinson (Professor of Accounting and Finance)

Authors
  1. William Forbes
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  2. Lynn Hodgkinson
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© 2015 William Forbes and Lynn Hodgkinson

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Forbes, W., Hodgkinson, L. (2015). The Market for Corporate Control. In: Corporate Governance in the United Kingdom: Past, Present and Future. Palgrave Pivot, London. https://doi.org/10.1057/9781137451743_8

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