Firms' Decisions Where to Incorporate

  title={Firms' Decisions Where to Incorporate},
  author={L. Bebchuk and A. Cohen},
  journal={NBER Working Paper Series},
  • L. Bebchuk, A. Cohen
  • Published 2002
  • Economics, Business
  • NBER Working Paper Series
  • This Paper empirically investigates the decisions of US publicly traded firms on where to incorporate. We study the features of states that make them attractive to incorporating firms and the characteristics of firms that determine whether they incorporate in or out of their state of location. We find that states that offer stronger antitakeover protections are substantially more successful both in retaining in-state firms and in attracting out-of-state incorporations. We estimate that… CONTINUE READING
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