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If the competition coefficient α is positive,that likely means
Hostile Takeovers
Hostile takeovers occur when one company tries to acquire another without the consent or cooperation of the target company's management or board.
Targeted Share Repurchases
Also known as greenmail, occurs when a company selectively buys back stock from a potential acquirer at a price that is higher than the market price. In return, the potential acquirer agrees not to attempt to take over the company.
Cumulative Voting
A voting system used in elections, where shareholders multiply the number of shares they own by the number of director positions available to get their total number of votes.
Corporate Governance
The set of rules that controls a company's behaviour toward its directors, managers, employees, shareholders, creditors, customers, competitors, and community.
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Q51: The theory of _ postulates that the