Hostile Takeovers and Intangible Resources : An Empirical Investigation

Studying a sample of firms drawn from the 1980 Value Line, results demonstrate that firms which are poor diversifiers and those that fail to build rent- generating strategic resources are the most frequent targets of hostile takeover

The Causes of Corporate Refocusing

Data from Compustat database was examined to detect which firms refocused and begin to understand why they did so. It was found thatduring the 1980s the largest firms diversified and smaller firms refocused. The analysis ends by noting that this may be due to the increasing domination of the economy by large firms

The Determinants of Corporate Bank Borrowing

Firm size and collateral assets as well as respectability in the market place are seen to be the primary variables in whether firms have access to and utilize bank lending

The Indirect Costs of Financial Distress

The impact of economic downturn on firms was analyzed using data from 1992. Results indicate that more highly leveraged firms are more vulnerable to economic distress

The Strategic Value of Leverage : An Exploratory Study

The capital structures of firms were analyzed from 1989 data housed in the Computstat files to assess the role of debt in strategic interactions between firms in the product market. The study shows no significant role for leverage