I investigate whether implementation of the mandatory bid rule – the rule that grants all shareholders the right to … participate in a takeover transaction at equal terms – affects target announcement returns. I use a difference …

This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a …

When shareholders of a target firm expect a value improving takeover to be successful, they are individually better off … not tendering their shares to the buyer and the takeover potentially fails. Squeeze-out procedures can overcome this free …-riding dilemma by allowing a buyer to enforce a payout of minority shareholders and seize complete control of the target firm …

corporate governance scholars should understand the nonfinancial motivations of shareholders when evaluating potential conflicts … controlling-versus-minority shareholders. Lastly, the PP literature should shift its rhetoric from conflicts to a good balance …

(election of directors and votes on fundamental changes), federal law grants shareholders additional voting rights. But these …'s shareholders. It finds firms alter the structure of their acquisitions to avoid shareholder voting. On its own, this finding could … suggest self-serving behavior — managers may be avoiding shareholder votes to effectuate suboptimal transactions at the …

-term shareholders of bidding firms …