Chamberlain, Trevor C.; Khokhar, Abdul-Rahman; Sarkar, … - In: International Journal of Managerial Finance 12 (2016) 5, pp. 529-557
Purpose The purpose of this paper is to offer an alternative approach to measure the cost-benefit tradeoff, by analyzing stockholders’ reactions to the announcement and vote on the proposed rule. More specifically, the authors use event study methodology to investigate the stock price reaction...