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Cited by 695

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990s

Open access
Holmstrom, Bengt, Kaplan, Steven N·2001·Journal of Economic Perspectives
DOI 10.1257/jep.15.2.121
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Abstract

This paper describes and considers explanations for changes in corporate governance and merger activity in the United States since 1980. Corporate governance in the 1980s was dominated by intense merger activity distinguished by the prevalence of leveraged buyouts (LBOs) and hostility. After a brief decline in the early 1990s, substantial merger activity resumed in the second half of the decade, while LBOs and hostility did not. Instead, internal corporate governance mechanisms appear to have played a larger role in the 1990s. We conclude by considering whether these changes and the movement toward shareholder value are likely to be permanent.

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Metadata

Authors
Holmstrom, B., & Kaplan, S. N.
Venue
Journal of Economic Perspectives
Publisher
American Economic Association
Published
2001-05-01
Volume
15
Issue
2
Pages
121-144
ISSN
0895-3309 (ISSN-L)
DOI
10.1257/jep.15.2.121
OpenAlex
W2055554815
Cited by
695
References
2
FWCI
137.94
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990s. https://app.cochat.ai/papers/10.1257/jep.15.2.121
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Holmstrom, B., & Kaplan, S. N. (2001). Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990s. Journal of Economic Perspectives. https://doi.org/10.1257/jep.15.2.121

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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