Hwang, Sunwoo; Kim, U-chʾan - 2011
With the removal of statute-based anti-takeover provisions during the aftermath of Asian crisis, a significant number … firm-level anti-takeover provisions (ATP) vary over time (making firm fixed effects regression feasible) and its amendment …. Using a sample during 1999-2009, we find that firms with charter-based anti-takeover provisions are smaller in size, have …