Chatjuthamard, Pattanaporn; Jiraporn, Pornsit; Lee, … - 2021
primarily based on state legislation, we investigate the effect of the takeover market on board characteristics with special … emphasis on board gender diversity.Design/methodology/approach – We exploit a novel measure of takeover vulnerability based on ….Findings – Our results show that a more active takeover market leads to lower board gender diversity. Specifically, a rise in …