Price and Probability: Decomposing the Takeover Effects of Anti-Takeover Provisions
Authors



Related Working Paper
Featured Working Papers
In May 2021, Engine No. 1, an investment fund, was lauded by the responsible investment community for successfully placing three dissident independent...
Read moreWe create a novel classified (staggered) board database covering all U.S. public firms from 1991 to 2020 and document significant differences in...
Read moreScholars and practitioners have long theorized that by penalizing firms with unattractive governance features, the stock market incentivizes firms...
Read moreNon-executive directors associated with poison pill adoption experience a decrease in shareholder votes, an increase in termination rates across all...
Read more