Geng, Heng (Griffin); Hau, Harald; Liu, Pengfei - 2026
Corporate Opportunity Waiver (COW) laws permit firms to suspend fiduciary duties related to corporate opportunities …. Fich, Harford, and Tran (2023) argue that these laws reduced firm innovation and lowered corporate valuation for research …. Moreover, public firms subject to COWs reduce takeover defenses, contradicting their argument that COW laws weaken corporate …