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J. B. Berk and P. M. DeMarzo, Corporate finance, Fourth edition, Global edition. Harlow, England: Pearson Education Limited, 2017 [Online]. Available: https://contentstore.cla.co.uk//secure/link?id=81fa8d84-e640-e911-80cd-005056af4099
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L. Gullifer and J. Payne, Corporate finance law: principles and policy, Second edition. Oxford: Hart Publishing, 2015 [Online]. Available: https://contentstore.cla.co.uk//secure/link?id=13a9e18b-e640-e911-80cd-005056af4099
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T. H. Maynard and D. M. Warren, Business planning: financing the start-up business and venture capital financing, Second Edition., vol. Aspen casebook series. New York: Wolters Kluwer Law & Business, 2014 [Online]. Available: https://contentstore.cla.co.uk//secure/link?id=80fa8d84-e640-e911-80cd-005056af4099
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‘Coca-Cola to buy Costa Coffee chain from Whitbread for £3.9bn’, Financial Times [Online]. Available: https://www.ft.com/content/6782c756-ace3-11e8-89a1-e5de165fa619
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‘Coca-Cola salivates over Costa expansion opportunity’, Financial Times [Online]. Available: https://www.businesstelegraph.co.uk/coca-cola-salivates-over-costa-expansion-opportunity/
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L. Gullifer and J. Payne, Corporate finance law: principles and policy, Second edition. Oxford: Hart Publishing, 2015 [Online]. Available: https://contentstore.cla.co.uk/secure/link?id=13a9e18b-e640-e911-80cd-005056af4099
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R. J. Gilson, ‘Value Creation by Business Lawyers: Legal Skills and Asset Pricing’, Yale Law Journal, vol. 94, no. 2, pp. 239–314, 1984 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/ylr94&id=257
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L. Bernstein, ‘The Silicon Valley Lawyer as Transaction Cost Engineer’, Oregon Law Review, 1995 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/orglr74&id=249
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Private equity: a transactional analysis, Third edition. London: Globe Law and Business, 2014.
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George A. Akerlof, ‘The Market for “Lemons”: Quality Uncertainty and the Market Mechanism’, The Quarterly Journal of Economics, vol. 84, no. 3, pp. 488–500, 1970 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1879431
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I. Dierickx and M. Koza, ‘Information asymmetries how not to “buy a lemon” in negotiating mergers and acquisitions’, European Management Journal, vol. 9, no. 3, pp. 229–234, Sep. 1991, doi: 10.1016/0263-2373(91)90002-8.
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‘Avoiding Lemons in M&A Deals - ProQuest’. [Online]. Available: http://ezproxy.lib.gla.ac.uk/login?url=https://search.proquest.com/openview/2d36fe7d058be02f1e9c28b9b3ce6ffb/1?pq-origsite=gscholar&cbl=26142
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M. V. Pauly, ‘The Economics of Moral Hazard: Comment’, The American Economic Review, vol. 58, no. 3, pp. 531–537, 1968 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1813785
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K. J. Arrow, ‘The Economics of Moral Hazard: Further Comment’, The American Economic Review, vol. 58, no. 3, pp. 537–539, 1968 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1813786
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R. J. Gilson, ‘Engineering a Venture Capital Market: Lessons from the American Experience’, Stanford Law Review, vol. 55, no. 4, pp. 1067–1103, 2003 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1229601
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R. J. Gilson, ‘Understanding MACs: Moral Hazard in Acquisitions’, Journal of Law, Economics, and Organization, vol. 21, no. 2, pp. 330–358, Aug. 2005, doi: 10.1093/jleo/ewi012.
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L. R. Kling, E. Simon, and M. Goldman, ‘Summary of Acquisitions Agreements’, University of Miami Law Review, 1997 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/umialr51&id=791
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S. C. Myers and N. S. Majluf, ‘Corporate financing and investment decisions when firms have information that investors do not have’, Journal of Financial Economics, vol. 13, no. 2, pp. 187–221, Jun. 1984, doi: 10.1016/0304-405X(84)90023-0.
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J. J. Reuer and M. P. Koza, ‘Asymmetric Information and Joint Venture Performance: Theory and Evidence for Domestic and International Joint Ventures’, Strategic Management Journal, vol. 21, no. 1, pp. 81–88, 2000 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/3094120
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J. E. Stiglitz, ‘The Contributions of the Economics of Information to Twentieth Century Economics’, The Quarterly Journal of Economics, vol. 115, no. 4, pp. 1441–1478, Nov. 2000, doi: 10.1162/003355300555015.
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K. J. Arrow, ‘Uncertainty and the Welfare Economics of Medical Care’, The American Economic Review, vol. 53, no. 5, pp. 941–973, 1963 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1812044
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C.-W. Wu, J. J. Reuer, and R. Ragozzino, ‘Insights of Signaling Theory for Acquisitions Research’, in Advances in Mergers and Acquisitions 12, vol. 12, C. L. Cooper and S. Finkelstein, Eds. Emerald Group Publishing Limited, 2013, pp. 173–191 [Online]. Available: https://ebookcentral.proquest.com/lib/gla/reader.action?docID=1341901&ppg=184
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J.-C. Shen and J. J. Reuer, ‘Adverse Selection in Acquisitions of Small Manufacturing Firms: A Comparison of Private and Public Targets’, Small Business Economics, vol. 24, no. 4, pp. 393–407, May 2005, doi: 10.1007/s11187-005-5332-y.
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The New Palgrave Dictionary of Economics, Third Edition. London: Palgrave Macmillan UK, 2018 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://dx.doi.org/10.1057/978-1-349-95189-5
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M. Olson, The logic of collective action: public goods and the theory of groups, vol. volume CXXIV. Cambridge, Massachusetts: Harvard University Press, 1971 [Online]. Available: https://www.vlebooks.com/vleweb/product/openreader?id=GlasgowUni&isbn=9780674041660
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‘The Tragedy of the Commons - YouTube’. [Online]. Available: https://www.youtube.com/watch?v=bs2P0wRod8U
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The New Palgrave Dictionary of Economics, Third Edition. London: Palgrave Macmillan UK, 2018 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://dx.doi.org/10.1057/978-1-349-95189-5
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‘What Is the Free Rider Problem? - YouTube’. [Online]. Available: https://www.youtube.com/watch?v=Uo51GDk8G1Q
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L. Cohen, ‘Holdouts and Free Riders’, Journal of Legal Studies, 1991 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/legstud20&id=355
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R. H. Kraakman, The anatomy of corporate law: a comparative and functional approach, Third edition. Oxford: Oxford University Press, 2017 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://dx.doi.org/10.1093/acprof:oso/9780198739630.001.0001
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J. Elster, Nuts and bolts for the social sciences. Cambridge: Cambridge University Press, 1989.
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M. Becht, P. Bolton, and A. Röell, ‘Corporate Governance and Control’, in Corporate Finance, vol. 1, Elsevier, 2003, pp. 1–109 [Online]. Available: https://ebookcentral.proquest.com/lib/gla/detail.action?docID=296989
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J. H. Mulherin, ‘Corporations, collective action and corporate governance: One size does not fit all’, Public Choice, vol. 124, no. 1–2, pp. 179–204, Jul. 2005, doi: 10.1007/s11127-005-4761-0.
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F. H. Easterbrook and D. R. Fischel, ‘Voting in Corporate Law’, The Journal of Law & Economics, vol. 26, no. 2, pp. 395–427, 1983 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/725110
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Lloyd Cohen, ‘Holdouts and Free Riders’, The Journal of Legal Studies, vol. 20, no. 2, pp. 351–362, 1991 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/724443
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‘The Tragedy of the Commons’, Science, vol. 162, no. 3859, pp. 1243–1248, Dec. 1968, doi: 10.1126/science.162.3859.1243.
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J. M. Buchanan and G. Tullock, The calculus of consent?: logical foundations of constitutional democracy, vol. The collected works of James M. Buchanan. Indianapolis: Liberty Fund, 1999 [Online]. Available: https://www.econlib.org/library/Buchanan/buchCv3.html
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D. P. Myatt, ‘collective action (new perspectives)’, in The New Palgrave Dictionary of Economics, S. N. Durlauf and L. E. Blume, Eds. Basingstoke: Nature Publishing Group, 2008, pp. 881–886 [Online]. Available: http://ezproxy.lib.gla.ac.uk/login?url=http://dx.doi.org/10.1057/978-1-349-95189-5
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C. W. Smith, ‘Agency Costs’, in The New Palgrave Dictionary of Economics, London: Palgrave Macmillan UK, 2018, pp. 99–101 [Online]. Available: http://link.springer.com/10.1057/978-1-349-95189-5_632
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A. A. Berle and G. C. Means, The modern corporation and private property. New York, N.Y.: Macmillan Co, 1933 [Online]. Available: https://www.heinonline.org/HOL/Index?index=beal/mcpp&collection=beal
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K. M. Eisenhardt, ‘Agency Theory: An Assessment and Review.’, Academy of Management Review, vol. 14, no. 1, pp. 57–74, Jan. 1989 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/258191
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R. H. Kraakman, The anatomy of corporate law: a comparative and functional approach, Third edition. Oxford: Oxford University Press, 2017 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://dx.doi.org/10.1093/acprof:oso/9780198739630.001.0001
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J. E. C. Munro, ‘Principal and Agent (i)’, pp. 10737–10737 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://link.springer.com/referenceworkentry/10.1057/978-1-349-95189-5_1543
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Joseph E. Stiglitz, ‘Principal and Agent (ii)’, pp. 10737–10747 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://link.springer.com/referenceworkentry/10.1057/978-1-349-95189-5_1274
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R. J. Gilson, ‘Engineering a Venture Capital Market: Lessons from the American Experience’, Stanford Law Review, vol. 55, no. 4, pp. 1067–1103, 2003 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1229601
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M. C. Jensen and W. H. Meckling, ‘Theory of the firm: Managerial behavior, agency costs and ownership structure’, Journal of Financial Economics, vol. 3, no. 4, pp. 305–360, Oct. 1976, doi: 10.1016/0304-405X(76)90026-X.
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E. F. Fama, ‘Agency Problems and the Theory of the Firm’, Journal of Political Economy, vol. 88, no. 2, pp. 288–307, 1980 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1837292
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E. F. Fama and M. C. Jensen, ‘Separation of Ownership and Control’, The Journal of Law & Economics, vol. 26, no. 2, pp. 301–325, 1983 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/725104
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Y. Amihud and B. Lev, ‘Risk Reduction as a Managerial Motive for Conglomerate Mergers’, The Bell Journal of Economics, vol. 12, no. 2, Autumn 1981, doi: 10.2307/3003575.
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S. L. Schwarcz, ‘To Make or to Buy: In-House Lawyering and Value Creation’, Journal of Corporation Law, vol. 33, no. 2, pp. 497–576, 2008 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/jcorl33&id=501
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M. Becht, A. Polo, and S. Rossi, ‘Does Mandatory Shareholder Voting Prevent Bad Acquisitions?’, Review of Financial Studies, vol. 29, no. 11, pp. 3035–3067, Nov. 2016, doi: 10.1093/rfs/hhw045.
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R. D. Kosnik and D. L. Shapiro, ‘Agency Conflicts between Investment Banks and Corporate Clients in Merger and Acquisition Transactions: Causes and Remedies’, The Academy of Management Executive (1993-2005), vol. 11, no. 1, pp. 7–20, 1997 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/4165368
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Mark V. Pauly, ‘The Economics of Moral Hazard: Comment’, The American Economic Review, vol. 58, no. 3, pp. 531–537, 1968 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org./stable/1813785
[54]
R. J. Gilson and A. Schwartz, ‘Understanding MACs: Moral Hazard in Acquisitions’, Journal of Law, Economics, & Organization, vol. 21, no. 2, pp. 330–358, 2005 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/3554959
[55]
G. A. Akerlof, ‘The Market for “Lemons”: Quality Uncertainty and the Market Mechanism’, The Quarterly Journal of Economics, vol. 84, no. 3, pp. 488–500, 1970 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1879431
[56]
C. Hurt, ‘Moral Hazard and the Initial Public Offering’, Cardozo Law Review, vol. 26, no. 2, pp. 711–790, 2005 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/cdozo26&id=727
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P. Bolton and A. Faure-Grimaud, ‘Satisficing Contracts’, The Review of Economic Studies, vol. 77, no. 3, pp. 937–971, 2010 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/40835853
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K. Rinker A., J. Hill G., and K. Ashton, ‘MAC Clauses in the UK and US: Much Ado About Nothing?’, The Private Equity Report, vol. 13, no. 4 [Online]. Available: https://privateequityreport.debevoise.com/the-private-equity-report-winter-2014-vol-14-number-1/the-private-equity-report-fall-2013-vol-13-number-4
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I. R. MacNeil, ‘The Many Futures of Contracts’, Southern California Law Review, vol. 47, no. 3, pp. 691–816, 1974 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/scal47&collection=journals&id=695
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R. J. Gilson, ‘Value Creation by Business Lawyers: Legal Skills and Asset Pricing’, Yale Law Journal, vol. 94, no. 2, pp. 239–314, 1984 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/ylr94&id=257
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R. J. Giuffra Jr., ‘Investment Bankers’ Fairness Opinions in Corporate Control Transactions’, Yale Law Journal, vol. 96, no. 1, pp. 119–141, 1986 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/ylr96&id=137
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R. J. Mann, ‘Verification Institutions in Financing Transactions’, Georgetown Law Journal, vol. 87, no. 7, pp. 2225–2272, 1999 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/glj87&id=2245
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R. J. Gilson and R. H. Kraakman, ‘The Mechanisms of Market Efficiency’, Virginia Law Review, vol. 70, no. 4, May 1984, doi: 10.2307/1073080.
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D. A. Cather, ‘A Gentle Introduction to Risk Aversion and Utility Theory’, Risk Management and Insurance Review, vol. 13, no. 1, pp. 127–145, 2010, doi: 10.1111/j.1540-6296.2009.01173.x.
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T. R. Chorvat, ‘Ambiguity and Income Taxation’, Cardozo Law Review, vol. 23, no. 2, pp. 617–652, 2002 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/Page?public=false&handle=hein.journals/cdozo23&id=639
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S. N. S. Cheung, ‘Transaction Costs, Risk Aversion, and the Choice of Contractual Arrangements’, The Journal of Law & Economics, vol. 12, no. 1, pp. 23–42, 1969 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/724978
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M. J. Machina, ‘Choice Under Uncertainty: Problems Solved and Unsolved’, The Journal of Economic Perspectives, vol. 1, no. 1, pp. 121–154, 1987 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://www.jstor.org/stable/1942952
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S. B. Fuerst, N. San Filippo IV, and S. H. Ornstein, ‘Earn-outs: Bridge the Gap, With Caution’, Mergers & Acquisitions Law Report, 16AD [Online]. Available: https://www.lowenstein.com/files/Publication/8dab16c3-d1b5-46e1-8d07-0174915b002d/Presentation/PublicationAttachment/966ec139-cc00-4a96-9f1e-07d9547e1bef/Earn%20Outs%20BNA%202009.pdf
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C. Hurt, ‘Moral Hazard and the Initial Public Offering’, Cardozo Law Review, vol. 26, no. 2, 2005 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://heinonline.org/HOL/P?h=hein.journals/cdozo26&i=727
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G. Mandelker and A. Raviv, ‘Investment Banking: An Economic Analysis of Optimal Underwriting Contracts’, The Journal of Finance, vol. 32, no. 3, pp. 683–694, Jun. 1977, doi: 10.1111/j.1540-6261.1977.tb01980.x.
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V. I. Lewkow and S. G. Koss, ‘Mergers and Acquisitions: Another Look at Allocating Market Risk in Stock Acquisitions’, Insights: The Corporate & Securities Law Advisor, vol. 17, no. 8, 2003 [Online]. Available: https://ezproxy.lib.gla.ac.uk/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=10613578&site=ehost-live
