Take-Over Bids, the Free Rider Problem and the Theory of the Corporation

Citation:

Hart, Oliver, and S Grossman. 1980. “Take-Over Bids, the Free Rider Problem and the Theory of the Corporation.” Bell Journal of Economics and Management Science 11: 42-64.

Notes:

Partially reprinted in Posner and Scott, eds., Economics of Corporation Law and Securities Regulation. Reprinted in The Theory of Corporate Finance, M. J. Brennan (ed.), Brookfield VT: Edward Elgar Publishing Company, 1996. Reprinted in Corporate Governance, K. Keasey, S. Thompson, and M. Wright (eds.), Edward Elgar Publishing Ltd., 1999.