Takeover control under the Trade Practices Act: Towards a more efficient and competitive corporate Australia
Article
Mayanja, James. 1998. "Takeover control under the Trade Practices Act: Towards a more efficient and competitive corporate Australia." Trade Practices Law Journal. 6 (1), pp. 33-45.
| Article Title | Takeover control under the Trade Practices Act: Towards a more efficient and competitive corporate Australia |
|---|---|
| ERA Journal ID | 36755 |
| Article Category | Article |
| Authors | |
| Author | Mayanja, James |
| Journal Title | Trade Practices Law Journal |
| Journal Citation | 6 (1), pp. 33-45 |
| Number of Pages | 13 |
| Year | 1998 |
| Place of Publication | Sydney, Australia |
| ISSN | 1039-3277 |
| Abstract | By not recognising efficiency gains from takeover transactions as public benefits, unless those gains are passed on to consumers, the present authorisation procedure acts as a potential disincentive to takeover activity. This is undesirable. A reduction in social welfare is likely to occur if parties desist from engaging in what would otherwise be beneficial (efficiency enhancing) takeover activity. In order to promote the welfare of society to the fullest extent possible, the law should be reformed to recognise as public benefits gains in efficiency generated by a takeover, even if the those benefits are not immediately passed on to consumers. |
| ANZSRC Field of Research 2020 | 480103. Corporations and associations law |
| 350704. Entrepreneurship | |
| 350711. Organisational planning and management | |
| Byline Affiliations | School of Law |
| Institution of Origin | University of Southern Queensland |
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