Chatjuthamard, Pattanaporn; Jiraporn, Pornsit; Lee, … - In: Corporate Governance: The International Journal of … 21 (2021) 5, pp. 845-864
Purpose: Theory suggests that the market for corporate control, which constitutes an important external governance mechanism, may substitute for internal governance. Consistent with this notion, using a novel measure of takeover vulnerability primarily based on state legislation, this paper...