The Regulation of Corporate Acquisitions: A Law and Economics Analysis of European Proposals for Reform (with Clas Bergström, Peter Högfeldt and Per Samuelsson), 1995 Columbia Business Law Review 495 (1995)
This article examines the regulation of corporate acquisitions in Europe from a law and economics perspective. It concludes that the reform proposals do not meet the stated goal of encouraging acquisitions. Rather, the proposed rules will inhibit acquisitions, which in turn will likely result in less exposure of incumbent management to market discipline and inefficiencies in the allocation of productive resources in Europe.
Date of Authorship for this Version
Macey, Jonathan R.; Bergström, Clas; Högfeldt, Peter; and Samuelsson, Per, "The Regulation of Corporate Acquisitions: A Law and Economics Analysis of European Proposals for Reform" (1995). Faculty Scholarship Series. Paper 1439.