Stanislav KormschikovPublished in:
Russian Journal of Entrepreneurship
– № 7-1 / July, 2011



Keywords: hostile takeovers, protection against takeover, protection methods


Share:

Abstract:

The article gives a classification of protection methods by the availability of company’s resources, awareness of the aggressor’s actions, the nature of protective actions, the impact on the competitiveness and the presence of strategic partners.

---

References:
1. Gosudarstvennaya duma: ofitsialnyy sayt [Elektronnyy resurs]. – Rezhim dostupa: http://www.duma.gov.ru/
2. Radygin A. Sliyaniya i pogloscheniya v korporativnom sektore (osnovnye podkhody i zadachi regulirovaniya) // Voprosy ekonomiki. – 2002. – №12.
3. Carney W. Shareholder Coordination Costs, Shark Repellents, and Takeout Mergers: The Case against Fiduciary Duties // American Bar Foundation Research Journal. 1983. Vol. 8, № 2.
4. Babatunde M. Poison Pill: Corporate Anti-takeover Defensive Plan and the Director's Responsibilities in Responding to Takeover Bids // Southern University Law Review. 1991. Vol. 18.
5. Hall P., Anderson H. The Effect of Golden Parachutes on ShareholderWealth and Takeover Probabilities // Journal of Business Finance & Accounting. 1997. Vol. 24, № 3&4.
6. Demidova E. Vrazhdebnye pogloscheniya i zaschita ot nikh v usloviyakh korporativnogo rynka Rossii // Voprosy ekonomiki. – 2007. – № 4.
7. Ryngaert M. The Effect of Poison Pill Securities on Shareholder Wealth // Journal of Financial Economics. 1988. March. P. 377–417.
8. Volkov A., Buritskiy K. Byty li rynku golosuyuschikh aktsiy rossiyskikh predpriyatiy? // Rynok tsennyh bumag. – 1996. – №2.
9. Comment R., Schwert G. Poison or Placebo? Evidence on the Deterrence and Wealth Effects of Modern Antitakeover Measures // Journal of Financial Economics. 1995. Vol. 39.
10. Danielson M., Karpoff J. Do Pills Poison Operating Performance? // Journal of Corporate Finance. 2006. Vol. 12.
11. Bebchuk L., Coates J., Subramanian G. The Powerful Anti-takeover Force of Staggered Boards: Further Findings and a Reply to Symposium Participants // Stanford Law Review. 2002. Vol. 55, № 885.
12. Wright M. Discussion of Agency, Bid Resistance and the Market for Corporate Control // Journal of Business Finance & Accounting. 1997. Vol. 24, №7&8.
13. Babatunde M. Poison Pill: Corporate Anti-takeover Defensive Plan and the Director's Responsibilities in Responding to Takeover Bids // Southern University Law Review. 1991. Vol. 18
14. Demidova E. Vrazhdebnye pogloscheniya i zaschita ot nikh v usloviyakh korporativnogo rynka Rossii // Voprosy ekonomiki. – 2007. – №4.
15. Tutykin V. Zaschita ot korporativnyh zakhvatov: asimmetrichnye resheniya zakhvatov: asimmetrichnye resheniya // Sliyaniya i pogloscheniya. – 2003. – №10.