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Union rents as a source of takeover gains among target shareholders.

This paper tests the hypothesis that the substantial gains enjoyed by shareholders in target firms during the corporate acquisition boom of the 1980's reflected, in part, shareholders' recouping of the value of “rents” (in the form of wage premiums, higher fringe benefits, and constraints on manager...

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Published in:Industrial & Labor Relations Review Vol. 49; pp. 3 - 20
Main Author: Becker, Brian E.
Format: Article
Published: Cornell University October 1995
Subjects:
Labor unions
Stockholders
Valuation of corporations
Economics
Mergers & acquisitions
Finance
United States
Online Access:View this record in EBSCOhost