This paper explores whether corporate acquirers consider environmental reputations whenplanning and structuring takeovers. We find that firms with an environmentally toxic reputation,which have the greatest potential for negative spillovers to their merger partners, have a lowerassociated...

We propose a construct, the Trust Triangle, that highlights three primary mechanisms that provide ex post accountability for opportunistic behavior and motivate ex ante trust in economic relationships. The mechanisms are: (i) a society's legal and regulatory framework, (ii) market-based...

We examine the labor market consequences for directors who adopt poison pills. Directors who become associated with pill adoption experience significant decreases in vote margins and increases in termination rates across all their directorships. They also experience a decrease in the likelihood...