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Taxes and Mergers in Sweden
| Content Provider | EconStor |
|---|---|
| Author | Modén, Karl-Markus |
| Abstract | This paper studies the relative importance of tax incentives as merger motives in the Swedish industry during the period 1983-1987. Several econometric models are estimated and statistical tests performed. The tax-hypothesis is contrasted with an alternative hypothesis, suggested by Jensen, which explains mergers as a way for independent managers to increase their personal power. Neither hypothesis get any strong support in this study, the evidence is somewhat stronger in favor of Jensen's theory however. |
| File Format | |
| Language | English |
| Publisher | The Research Institute of Industrial Economics (IUI) |
| Publisher Date | 1989-01-01 |
| Publisher Place | Stockholm |
| Access Restriction | Open |
| Rights Holder | http://www.econstor.eu/dspace/Nutzungsbedingungen |
| Subject Keyword | Tax incentives merger motives manager independence Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance Personnel Economics: Labor Management |
| Content Type | Text |
| Resource Type | Article |