Papers originally presented at a National Bureau of Economic Research conference in Feb. 1987 in Key Largo.

The impact of firm acquisitions on labor / Charles Brown and James L. Medoff -- Breach of trust in hostile takeovers / Andrei Shleifer and Lawrence H. Summers -- The effect of takeover activity on corporate research and development / Bronwyn H. Hall - Characteristics of targets of hostile and friendly takeovers / Randall Morck, Andrei Shleifer and Robert W. Vishny -- Do target shareholders lose in unsuccessful control contests? / Richard S. Ruback -- The effects of taxation on the merger decision / Alan J. Auerbach and David Reishus -- Share repurchases and acquisitions / Laurie Simon Bagwell and John B. Shoven -- Means of payment in takeovers / Julian R. Franks, Robert S. Harris and Colin Mayer -- A time-series analysis of mergers and acquisitions in the U.S. economy / Devra L. Golbe and Lawrence J. White -- Panel discussion : corporate takeovers and public policy / Joseph A. Grundfest ... [et al.].