398Regulation of Takeover Bids in a Global Context
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Erik Sjöman
Abstract
This paper describes how the regulation of corporate takeovers has developed over time in an increasingly global context, using Sweden – which is now one of Europe’s largest stock markets and one of the most active markets for corporate control – as an example. The paper discusses aspects such as the use of a Takeover Panel as a regulatory tool. It touches upon the economic aspects of corporate takeovers and their role as a corporate governance tool and a tool for the efficient allocation of resources. The policy choice of whether to allocate blocking powers to the board of the target company or to adopt a board neutrality approach is discussed. Protectionist trends as opposed to openness and free trade are also touched upon.
Note
A Swedish version of this paper has been published in ‘Vänbok till Lars Afrell’ [Essays in honour of Lars Afrell] (2023).
© 2024 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
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- 269Redefining the Conceptual Ground of Corporate Governance Regulation
- Legal Transplants of Shareholder Voting Rights in the European Union – Evidence from the Past, Consequences for the Future
- Determining Economic Loss Due to Misrepresentations on the Stock Market Using Forward Casting
- Delisting Costs and Corporate Mobility in Europe
- 398Regulation of Takeover Bids in a Global Context
- Cross-border Mobility of Insolvent Companies Within the European Union
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Articles in the same Issue
- Frontmatter
- Frontmatter
- 269Redefining the Conceptual Ground of Corporate Governance Regulation
- Legal Transplants of Shareholder Voting Rights in the European Union – Evidence from the Past, Consequences for the Future
- Determining Economic Loss Due to Misrepresentations on the Stock Market Using Forward Casting
- Delisting Costs and Corporate Mobility in Europe
- 398Regulation of Takeover Bids in a Global Context
- Cross-border Mobility of Insolvent Companies Within the European Union
- The Assurance of Corporate Sustainability Reports and the Renewed Role of Certified Auditors
- The Sanctions Principles-Based Regulation: A Blueprint for a New Approach for the EU Sanctions Policy (Part II)
