State Antitakeover Legislation and Shareholder Wealth
The market reaction to state antitakeover legislation is examined case by case and in aggregate for six bills from four influential states that passed second-generation antitakeover statutes. Prior research offers mixed conclusions concerning the effect. In contrast to the reactions in some earlier studies, negative market reactions in this study are weak, producing little evidence of any permanent harm to shareholder wealth.
Year of publication: |
1990
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Authors: | Pugh, William N ; Jahera Jr., John S |
Published in: |
Journal of Financial Research. - Southern Finance Association - SFA, ISSN 0270-2592. - Vol. 13.1990, 3, p. 221-31
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Publisher: |
Southern Finance Association - SFA Southwestern Finance Association - SWFA |
Saved in:
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