000 01639naa a2200193uu 4500
001 0042614375937
003 OSt
005 20190211171213.0
008 100426s2009 xx ||||gr |0|| 0 eng d
100 1 _aCAPRON, Laurence
_91802
245 1 0 _aNational corporate governance institutions and post-acquisition target reorganization
260 _aBognor Regis :
_bWiley-Blackwell,
_cAugust 2009
520 3 _aWe examine the characteristics of national systems of corporate governance to theorize about the nature of the shareholders' and employees' interests when it comes to reorganization, under the assumption that the firm is coalitional in nature. We argue that corporate governance institutions prevalent in both the host and the target country of the merging firms enable or constrain the ability of the acquirer to reorganize the target. Using a cross-national dataset of corporate acquisitions and post-acquisition reorganization, we found support for our predictions that stronger legal protection of shareholder rights in the acquirer country compared to the target country increases the acquirer's ability to restructure the target's assets and leverage the target's resources, while the protection of employee rights in the target country restricts the acquirer's ability to restructure the target's assets and redeploy resources to and from the target.
700 1 _aGUILLÉN, Mauro
_939667
773 0 8 _tStrategic Management Journal
_g30, 8, p. 803-833
_dBognor Regis : Wiley-Blackwell, August 2009
_xISSN 01432095
_w
942 _cS
998 _a20100426
_b1437^b
_cDaiane
998 _a20100428
_b1701^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c32587
_d32587
041 _aeng