The Literature Review will be prepared on an individual basis. It will be a review of the literature on one of the specified topics covered during the course. Choice of any other topic must be agreed with me. As well as the research papers discussed in lectures, this review should identify other important related literature.

Corporate Restructuring

Paper instructions:

The Literature Review will be prepared on an individual basis. It will be a review of the literature on one of the specified topics covered during the course. Choice of any other topic must be agreed with me. As well as the research papers discussed in lectures, this review should identify other important related literature. This review should be submitted before a specified date, normally the Monday after end of teaching semester. Size guidelines are approximately ten pages. A list of references should also be included.

Topic 6: Corporate Restructuring.

Readings: Stern and Chew, Ch. 39.

Mitchell, M.L. (1991) ‘The Value of Corporate Takeovers.’ Financial Analysts Journal, Vol. 47, No. 1, pp. 21-32.

Mian, S., and Rosenfeld, J., (1993) ‘Takeover Activity and the Long-Run Performance of Reverse Leveraged Buyouts.’ Financial Management, Vol. 22, No. 4, pp. 46-58.

Jensen, M.C. (1989) ‘The Eclipse of the Public Corporation.’ Harvard Business Review, Vol. 67, No. 5, pp.61-74.

Andrade, G., Mitchell, M., Stafford, E. (2001), “New evidence and perspectives on mergers.” Journal of Economic Perspectives, Vol. 15, No. 2, pp. 103-120.

Harford, J., (2005), “What drives merger waves?” Journal of Financial Economics, Vol. 77, pp. 529-560.

Jensen, M, (1986), ‘Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers’, The American Economic Review, Vol. 76, No. 2, pp. 323-329.

Heron, R. and Lie, E, (2002) ‘Operating performance and the method of payment in takeovers,’ Journal Financial and Quantitative Analysis, Vol. 37, No. 1, pp. 137-155.

Schipper, K. and Smith, A. (1983) ‘Effects of Reconstructing on Shareholder Wealth: The Case of Voluntary Spin-offs,’ Journal of Financial Economics, Vol. 12, pp. 437-467.

Kaplan, S., and Stromberg, P. (2009) “Leveraged buyouts and private equity.” Journal of Economic Perspectives, Vol. 23, No. 1, pp. 121-146.

Additional materials: not defined

Attached additional materials: not defined