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takeovers as an important disciplining device, these laws, by reducing takeover threats, potentially raised managerial …
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paper, we use states? passage of anti-takeover legislation as a source of such independent variation. Passed in the 1980s …
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paper, we use states' passage of anti-takeover legislation as a source of such independent variation. Passed in the 1980's …
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their own pay which could lead to excesses. We relate excess pay to how takeover decisions are received by the market, and … demonstrate that excess compensation negatively affects the acquirer's stock valuation at a takeover announcement. The market is …
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