Borokhovich, Kenneth A; Brunarski, Kelly; Harman, Yvette S - In: Journal of Law and Economics 49 (2006) 2, pp. 651-80
We examine abnormal returns around the announcement of antitakeover amendment proposals for evidence on variation in the effectiveness of monitoring by outside stockholders. The evidence suggests that the market views large stockholders who are outsiders but have potential business ties to a...