DocumentCode :
2970495
Title :
Impacts of Public Listed Company Anti-Takeovers from Legal Perspective
Author :
Gao, Huiyun ; Huang, Ying
Author_Institution :
Beijing Inf. Technol. Coll., Beijing, China
fYear :
2011
fDate :
12-14 Aug. 2011
Firstpage :
1
Lastpage :
4
Abstract :
The impacts of anti-takeover of public listed company on the target company, stockholders, managers and employees have two sides. To the target, anti-takeover can keep the target´s independence, which benefit to long-term development of the target. While anti-takeover increases costs and expenses of the target, which make against current development of the target. To the shareholders of the target, anti-takeover can ensure fairness of takeover which benefit to the public shareholders. While the preventive devices are adopted, the manager may only pay attention to defensive effect, but harms some shareholders. To the social common interests, anti-takeover make for forming market system about anti-monopoly and help to frame the hostile takeover, while anti-takeover can waste social resources. Anti-takeover has good and bad influences on employees and creditors. The aim of the article is put forward some advice of legislation through analyzing impacts of anti-takeover .
Keywords :
commerce; legislation; antimonopoly; hostile takeover; legal perspective; legislation; long-term development; preventive devices; public listed company antitakeovers; public shareholders; social resources; Board of Directors; Companies; Corporate acquisitions; Law; Legislation; Security;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
Type :
conf
DOI :
10.1109/ICMSS.2011.5998560
Filename :
5998560
Link To Document :
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