Paul Voss
Institution
HEC Paris
PhD Year
2021
voss@hec.fr
FTG Membership
Member
Website
https://sites.google.com/view/paulvoss
Featured Work
Feb 2, 2024
The Evolution of the Market for Corporate Control
In a canonical takeover model we let an informed large shareholder choose between making a bid or initiating a sale to another acquirer. Such takeover activism complements direct takeovers because the very choice mitigates the asymmetric information problem, thereby improving efficiency. As more investors enter the market for corporate control, takeover activism increasingly substitutes for direct takeovers and becomes the prevailing mode of effectuating control...
