Corporate Governance Predictors of Adoption of Anti-Takeover Amendments: An Empirical Analysis

Corporate Governance Predictors of Adoption of Anti-Takeover Amendments: An Empirical Analysis

This study of 481 corporations provides an assessment of the relationship between several corporate governance variables (board composition, type of board leadership, officer and director stock holdings, institutional stock holdings, number of majority owners, existence of severance agreements) and...

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Veröffentlicht in:Journal of business ethics 1993-05, Vol.12 (5), p.371-378
Hauptverfasser: Rechner, Paula L., Sundaramurthy, Chamu, Dalton, Dan R.
Format: Artikel
Sprache:eng
Schlagworte:
Amendments
Anti takeover strategy
Boards of directors
Business ethics
Business management
Business structures
Chief executive officers
Common stock
Conflicts of interest
Corporate governance
Corporations
Decision making
Ethics
Hostile takeovers
Institutional investments
Investors
Majority stockholders
Mergers
Outside directors
Power
Shareholder voting
Shareholders
Social research
Statistical analysis
Studies
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Beschreibung
Zusammenfassung:This study of 481 corporations provides an assessment of the relationship between several corporate governance variables (board composition, type of board leadership, officer and director stock holdings, institutional stock holdings, number of majority owners, existence of severance agreements) and adoption of anti-takeover amendments. The results of analysis suggest that the two groups (adopters/non-adopters) differ significantly in regards to these variables.
ISSN:0167-4544
1573-0697
DOI:10.1007/BF00882027