Mergers and Corporate Governance Book

	Introduction
1	The impact of industry shocks on takeover and restructuring activity	3
2	Price uncertainty and vertical integration : an examination of petrochemical firms	40
3	New evidence and perspectives on mergers	72
4	The valuation effects of bank mergers	90
5	Do bad bidders become good targets?	119
6	The hubris hypothesis of corporate takeovers	146
7	Toeholds, bid jumps, and expected payoffs in takeovers	166
8	Auctions of companies	208
9	Comparing acquisitions and divestitures	225
10	The market for corporate assets : who engages in mergers and asset sales and are there efficiency gains?	248
11	Does corporate diversification destroy value?	295
12	Consolidating corporate control : dual-class recapitalizations versus leveraged buyouts	321
13	The economics of corporate governance : beyond the Marshallian firm	347
14	Poison or placebo? : evidence on the deterrence and wealth effects of modern antitakeover measures	383
15	Proxy contests and corporate change : implications for shareholder wealth	424
16	Deregulation and the adaptation of governance structure : the case of the U.S. airline industry	459