Corporate entrepreneurship: Growth through acquisitions with a focus on target firm TMT retention7th AGSE international entrepreneurship research exchange
Date of this Version2-2-2010
Document TypeConference Paper
AbstractExtract: From the market for corporate control (MCC) perspective, the key role of takeovers is to correct the effects of managers¿ past behavior that has caused the firm to under-perform (Jensen, 1986). Such corrections occur when alternative management teams compete successfully for the right to control the assets of undervalued corporations (Jensen and Ruback, 1983). This literature further suggests that getting rid of the previous management should improve the performance of the acquired firm.
Citation InformationTimothy Kiessling and Marina Dabic. "Corporate entrepreneurship: Growth through acquisitions with a focus on target firm TMT retention" 7th AGSE international entrepreneurship research exchange (2010) p. 47 - 54
Available at: http://works.bepress.com/tim_kiessling/32/