Bachelorarbeit, 2007
86 Seiten, Note: 94,0 %
This thesis aims to explore the evolving trends and developments of country-specific defense strategies against hostile takeovers, analyzing the factors that influence their feasibility. The research draws primarily from international literature and publications, with additional insights gained from interviews with investment professionals.
The thesis begins with an introduction and then delves into the historical development of mergers and acquisitions (M&A), outlining the current situation and providing definitions and arguments for and against hostile takeovers. It explores various defense options, including their legal basis, preventive measures, and effective management strategies. The work also examines the role of corporate governance in different countries, including Germany, France, Great Britain, and Canada. Chapter 4 focuses on the regulatory environment and decision-criteria affecting acquisitions, highlighting success factors and international experiences. Finally, the thesis explores the implications of hostile takeovers in the 21st century.
Hostile takeovers, mergers and acquisitions (M&A), defense strategies, corporate governance, country-specific regulations, preventive measures, regulatory environment, success factors, international experience, 21st century trends.
Preventive strategies are implemented before a takeover bid occurs to discourage hostile suitors, while ad-hoc strategies are reactive measures taken once an actual bid has been made.
Traditional structures like "Rhenish capitalism" are breaking up, meaning banks and governments are changing investment strategies, leading to a loss of "systematic protection" for companies.
Contrary to some other regions, the use of poison pills in the US is diminishing at a fast pace as shareholders advocate for more open corporate governance.
There is an increasing global trend to give shareholders more power to vote on the adoption of defense measures and executive "golden parachutes."
Legislation changed in May 2007 to allow hostile takeovers, prompting Japanese companies to start implementing defense mechanisms like poison pills for the first time.
The thesis found that their effect is hardly predictable and they are increasingly criticized and voted against by shareholders, often no longer serving as a primary defense tool.
Der GRIN Verlag hat sich seit 1998 auf die Veröffentlichung akademischer eBooks und Bücher spezialisiert. Der GRIN Verlag steht damit als erstes Unternehmen für User Generated Quality Content. Die Verlagsseiten GRIN.com, Hausarbeiten.de und Diplomarbeiten24 bieten für Hochschullehrer, Absolventen und Studenten die ideale Plattform, wissenschaftliche Texte wie Hausarbeiten, Referate, Bachelorarbeiten, Masterarbeiten, Diplomarbeiten, Dissertationen und wissenschaftliche Aufsätze einem breiten Publikum zu präsentieren.
Kostenfreie Veröffentlichung: Hausarbeit, Bachelorarbeit, Diplomarbeit, Dissertation, Masterarbeit, Interpretation oder Referat jetzt veröffentlichen!

