We investigate the relation between corporate governance characteristics of hostile takeover targets and the choice to …

Takeover speculation may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and … productivity temporarily declines after announcements of speculative takeover rumors that do not materialize. This productivity dip … news, which are common in financial markets, and the costs of the takeover threat. …

-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

announcements of takeover rumors that do not materialize. Such speculative news may hurt productivity because uncertainty and threat … effects of speculative financial news and the costs of takeover threats. …