DIFFERENT LEGISLATIONS REGARDING OPAs (Artículo publicado en inglés)

Autores/as

  • Darcy Fuenzalida Universidad Técnica Federico Santamaría, Departamento de Industrias, Valparaíso-Chile
  • Mauricio Nash Universidad Técnica Federico Santamaría, Departamento de Industrias, Valparaíso-Chile

Palabras clave:

TENDER OFFER, TENDER OFFER LAW, TENDER OFFER SYSTEM LAW

Resumen

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.

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Publicado

2004-06-30

Número

Sección

Artículo de investigación

Cómo citar

DIFFERENT LEGISLATIONS REGARDING OPAs (Artículo publicado en inglés). (2004). Estudios Gerenciales, (91), 13-34. https://www2.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/136