TY  - JOUR 
TI  - Different legislations regarding OPA's
JO  - ESTUDIOS GERENCIALES, No. 91
PB  - Universidad Icesi
PY  - 2004
issn 01235923
AB  - 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.
KW  - TENDER OFFER
KW  - TENDER OFFER LAW
KW  - TENDER OFFER SYSTEM LAW
KW  - Facultad de Ciencias Administrativas y Económicas
KW  - Producción intelectual registrada - Universidad Icesi
KW  - Estudios Gerenciales
UR  - http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/136
ER  -