Roosenboom, Peter; Goot, Tjalling van der - In: European Financial Management 9 (2003) 4, pp. 485-511
The central question of this study involves the relation between the use of takeover defences and IPO firm value. We report that management frequently uses takeover defences before taking the firm public. The use of takeover defences is primarily motivated by managerial entrenchment. IPO...
