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Full-Text Articles in Law
The Merger Agreement Myth, Jeffrey Manns, Robert Anderson
The Merger Agreement Myth, Jeffrey Manns, Robert Anderson
GW Law Faculty Publications & Other Works
Practitioners and academics have long assumed that financial markets value the deal-specific legal terms of public company acquisition agreements, yet legal scholarship has failed to subject this premise to empirical scrutiny. The conventional wisdom is that markets must value the tremendous amount of time and money invested in negotiating and tailoring the legal provisions of acquisition agreements to address the distinctive risks facing each merger. But the empirical question remains of whether markets actually price the legal terms of acquisition agreements or whether they solely value the financial terms of mergers. To investigate this question, we designed a modified event …
Government Governance And The Need To Reconcile Government Regulation With Board Fiduciary Duties, Lisa M. Fairfax
Government Governance And The Need To Reconcile Government Regulation With Board Fiduciary Duties, Lisa M. Fairfax
GW Law Faculty Publications & Other Works
Corporate governance scandals inevitably raise concerns about the extent to which corporate directors failed in their responsibility to monitor the corporation and its managers, especially in terms of the latter's’ misdeeds. Corporate governance reforms strive to shore up directors' roles by seeking to ensure that boards have sufficient incentives to engage in effective oversight and to hold the boards more accountable. The current financial crisis has ushered in an era of significant government reform of the financial system and involvement in corporate governance matters. Such involvement has increased board of directors' responsibilities but has not reconciled those responsibilities with board …
Government Governance And The Need To Reconcile Government Regulation With Board Fiduciary Duties, Lisa M. Fairfax
Government Governance And The Need To Reconcile Government Regulation With Board Fiduciary Duties, Lisa M. Fairfax
GW Law Faculty Publications & Other Works
Corporate governance scandals inevitably raise concerns about the extent to which corporate directors failed in their responsibility to monitor the corporation and its managers, especially in terms of the latter's’ misdeeds. Corporate governance reforms strive to shore up directors' roles by seeking to ensure that boards have sufficient incentives to engage in effective oversight and to hold the boards more accountable. The current financial crisis has ushered in an era of significant government reform of the financial system and involvement in corporate governance matters. Such involvement has increased board of directors' responsibilities but has not reconciled those responsibilities with board …