Public policy towards corporate restructuring.

From: Business Economics | Date: April 1, 1990| Author: Lehn, Kenneth | Copyright information

*Kenneth Lehn is Chief Economist, U.S. Securities and Exchange Commission, Washington, DC, The views expressed here are those of the author and do not necessarily reflect the views of the Commission or the author's colleagues on the staff of the Commission.

[1] See footnote at end of text.

Stockholders in U. S. corporations have benefitted greatly from the widespread corporate restructuring that occurred in the 1980s. The source of these stockholder gains has ...

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