• DOI:10.1016/0165-4101(93)90009-5
Corpus ID: 154181090

Board composition, ownership structure, and hostile takeovers

@article{Shivdasani1993BoardCO,
  title={Board composition, ownership structure, and hostile takeovers},
  author={A. Shivdasani},
  journal={Journal of Accounting and Economics},
  year={1993},
  volume={16},
  pages={167-198}
}

A. Shivdasani

Published 1993

Business

Journal of Accounting and Economics

Abstract This paper examines whether differences in the structure of the board of directors and equity ownership contribute to the incidence of hostile takeovers. Evidence from a sample of completed and abandoned hostile takeover attempts that occurred during 1980–1988 indicates that, relative to a control sample, outside directors in hostile targets have lower ownership stakes and hold fewer additional outside directorships. Ownership by blockholders unaffiliated with management raises and… CONTINUE READING

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