Different legislations regarding OPA's

An analysis was made of then effectof the Tender Offer Law in Chile, andof the related situation of five countrieswith a more developed marketthan the Chilean one, reaching theconclusion that in order to successfullyimplement a Tender Offer Lawit is necessary to bear in mind thatthe problem is not solved by establishingstandards that regulate transactions,but by creating instancesthat contribute to a more dynamicand efficient market. In addition,there should exist a balance betweenprotection of the minority stockholderand competition for corporate control.Finally, we can conclude that thereis evidence that the Tender Offer Lawhas depressed the Stock Exchange.

• Autores: Nash, Mauricio; Fuenzalida, Darcy
• Tipo de recurso: Article of investigation
• Fecha de publicación: 2004
• Institución: Universidad ICESI
• Repositorio: Repositorio ICESI
• Idioma: spa
• OAI Identifier: oai:repository.icesi.edu.co:10906/331
• Acceso en línea: http://hdl.handle.net/10906/331; http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/136; http://biblioteca2.icesi.edu.co/cgi-olib/?infile=details.glu&loid=148041
• Palabra clave: TENDER OFFER; TENDER OFFER LAW; TENDER OFFER SYSTEM LAW; Facultad de Ciencias Administrativas y Económicas; Producción intelectual registrada - Universidad Icesi; Estudios Gerenciales
• Rights: openAccess
• License: https://creativecommons.org/licenses/by-nc-nd/4.0/