DIFFERENT LEGISLATIONS REGARDING OPAs

Authors

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

Keywords:

TENDER OFFER, TENDER OFFER LAW, TENDER OFFER SYSTEM LAW

Abstract

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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Published

2004-06-30

Issue

No. 91 Abr-Jun 2004

Section

Research articles

License

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How to Cite

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