, Golden Parachutes, and Target Firm Shareholder Welfare." RAND Journal of Economics 21: 614-625.
, golden parachutes, and target firm shareholder interests.
Evidence on the deterrence and wealth effects of modem antitakeover measures
. Journal of Financial Economics, 39: 3-43.
Evidence on the Deterrent and Wealth Effects of Modern Antitakeover Measures
, Working Paper 4316.
It has already been suggested that antitakeover measures
in general erode shareholder value.
said Thursday it fell into the red in fiscal 2007 through March 31 with a group net loss of 1.91 billion yen due to costs in adopting antitakeover measures
1857, 1858-62 (2002) (examining the incidence of antitakeover measures
in IPO firms).
Corporate-governance-related proposals received the strongest support, particularly those related to antitakeover measures
, board pensions, and shareholder voting.
These firms, therefore, are more likely to adopt antitakeover measures
, such as classified boards, than those that are not under-valued by the market (Davis, 1991).
The one substantive difference between Model #3 and Model #1 is that the coefficient for constituency statutes is now statistically significant in a positive direction, i.e., firms are more likely to incorporate in Delaware when their home state has a constituency statute, after controlling for the other antitakeover measures
that the state has.
This same year, the board amended the corporation's bylaws and adopted antitakeover measures
. In 1987, the year it acquired Kenner Parker, Tonka announced losses of $8 million.
Bull-Dog, which currently has no antitakeover measures
, will propose the plan in the form of a special resolution at its general shareholders meeting, scheduled for June 24.