Barnhart, Scott W.; Spivey, Michael F.; Alexander, John C. - In: Managerial and Decision Economics 21 (2000) 8, pp. 315-328
The relationship between CEO pay-adjusted firm performance and firm-specific antitakeover amendments and state antitakeover laws is examined. The findings suggest that the potential entrenchment resulting from the reduced threat of external control provided by antitakeover provisions may allow...