Business, Management and Accounting
4 years ago

The shift towards internal governance reshaping corporate control landscape.

2 views
Journal of Corporate Finance
The rise of corporate governance in corporate control research
Jeffry M. Netter, Annette B. Poulsen, Mike Stegemoller

Paper Summary

The article reviews research on corporate control and governance, focusing on ownership groups, internal governance structures, regulatory changes, and bidding strategies in takeovers. The analysis shows a shift towards studying internal governance features over mergers and acquisitions. This change suggests that internal governance is becoming more important in shaping corporate behavior compared to market discipline.

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