Active investors and management turnover following unsuccessful control contests

Article Abstract:

External investors looking for takeover targets stimulate internal control monitoring in target companies and successful takeovers often result in restructuring and management turnover. Turnovers, which usually occur in targets with poor performance, characterize successful takeovers by outside investors to improve the target's performance while takeovers by investors affiliated with incumbent managers rarely result in management turnovers. Even when unsuccessful, hostile takeover attempts stimulate targets to improve their performance.

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Managerial discipline and corporate restructuring following performance declines

Article Abstract:

The impact of corporate restructuring and managerial discipline after corporate declines in performance are examined in detail.

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Corporate policies restricting trading by insiders

Article Abstract:

A new study analyses the procedures put in place by corporations to restrict trading in its stock by insiders.

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