view that antitakeover provisions are universally harmful for shareholders …

I analyze the allocation of the power to decide on hostile takeovers between directors and shareholders. My …, shareholders nevertheless may have the power to reverse the outcome via a vote. I argue that even though shareholders sometimes … removability, shareholders’ inability to call special meetings or to act by written consent, supermajority rules, proxy and …

about how free markets can work to the benefit of all. Shareholders, not politicians, should decide how to run their … businesses, including whether a new management team could do better. There is only a limited set of circumstances where it might … preferable to a more protectionist approach, where change is resisted, competitive pressures are weakened, and shareholders …

to Nasdaq deficiency notices for audit committee and management review and certification requirements. Our evidence …

Shareholders of U.S. corporations have lost billions of dollars in acquisitions they never approved. In the United … Kingdom the listing rules give shareholders a binding say when targets are large relative to acquirers. A transatlantic … comparison suggests that if U.S. shareholders had a say on acquisitions, they would incur fewer losses. There is a significant …

conditional model the results indicate that after controlling for the self-selection bias effect, shareholders of bidder firms …