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
    873 Citations
    Corporate governance and hostile takeovers
    • 71
    • PDF
    Takeover defenses, ownership structure and stock returns in The Netherlands
    • 100
    • PDF
    Ownership structure, board composition and the market for corporate control in the UK: an empirical analysis
    • 49
    • Highly Influenced
    Board Composition and Control of Shareholder Voting Rights in the Banking Industry
    • 82