Governance and the Market for Corporate Control

'Dr. Teall has done an admirable job distilling the essential concepts, problems and theories of corporate control into a single concise and accessible volume. Topics in this well organized text range from the theory of the firm and corporate acquisitions to power, voting, abuses and excesses of managerial entrenchment and compensation policy. Theories and models are explained clearly in this book, as are empirical and computational methodologies. Discussions on the economic impacts of M&A activity, compensation policy and organizational structures are fascinating and important reading material for business, law and economics students at all levels.'Iftekhar Hasan, Cary L. Wellington Professor of Finance, Lally School of Management and Technology, Rensselaer Polytechnic Institute

'Dr. Teall has done an admirable job distilling the essential concepts, problems and theories of corporate control into a single concise and accessible volume. Topics in this well organized text range from the theory of the firm and corporate acquisitions to power, voting, abuses and excesses of managerial entrenchment and compensation policy.
Theories and models are explained clearly in this book, as are empirical and computational methodologies. Discussions on the economic impacts of M&A activity, compensation policy and organizational structures are fascinating and important reading material for business, law and economics students at all levels.'Iftekhar Hasan, Cary L. Wellington Professor of Finance, Lally School of Management and Technology, Rensselaer Polytechnic Institute

'This lucid and comprehensive text provides an in depth view and analysis of the many facets of corporate governance and its importance for business efficiency and wealth distribution in the U.S., Europe and the rest of the world. It is based on good theory, yet its contents have great practical relevance for managers, board members, legislators and any one with a stake in a firm. Corporate Governance and the Market for Corporate Control is an ideal textbook for business and economics students since it presents a rich and captivating assortment of applications, examples and short case studies carefully illustrating the most important and most relevant issues affecting the governance and control of business firms around the world.' - Clas Wihlborg, Professor of Finance and Director, Center for Law, Economics and Financial Institutions, Copenhagen Business School

Kose John
Charles William Gerstenberg Professor of Banking and Finance
Leonard N. Stern School of Business Administration, New York University
Corporate Governance and the Market for Corporate Control offers an engaging and comprehensive overview of corporate governance in the modern global economy. This timely exposition is highly readable and includes intuitive discussions of theory and modeling along with numerous case examples. The book is well written and highly recommended for professional and popular readership as well as for university classroom use, both at MBA and undergraduate levels.