Ancient redwoods and the politics of finance: the hostile takeover of the Pacific Lumber Company
Article Abstract:
The environmental threat on Headwaters Forest proved to be unrelated to MAXXAM's 1986 takeover of Pacific Lumber. Evidence showed that Pacific Lumber had logged 91% of ancient forests prior to MAXXAM's junk bond-financed takeover. The company's past management was also proven to be determined to systematically log all of its ancient redwood trees. The Clinton Administration's decision to pay Headwaters $380 million in response to intense public outrage only further boosted interest group's reliance on emotional appeals to pressure resource allocation.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1998
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Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory
Article Abstract:
Association between dividend decision and the earned/contributed capital mix is examined, in the backdrop of life-cycle theory.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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Controlling stockholders and the disciplinary role of corporate payout policy: A study of the Times Mirror Company
Article Abstract:
A study of the Times Mirror Company examines controlling stockholders and the disciplinary role of the corporate payout.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2000
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