Corpus ID: 166633074

Shareholder or Management Rights Plan

@inproceedings{Volkova2013ShareholderOM,
  title={Shareholder or Management Rights Plan},
  author={Anastassia Volkova},
  year={2013}
}
This dissertation analyses the market reaction upon the announcement of corporations’ intent to adopt a poison pill, in Canada and in the United States. The two neighbouring countries have different takeover landscapes and dissimilar regulatory requirements faced by targets in light of the defense adoption. Two hypotheses are put forward in this study: the managerial entrenchment and the shareholders’ wealth maximization. Data on all poison pill announcements between January 1st, 1983 and… Expand

References

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We investigate which provisions, among a set of twenty-four governance provisions followed by the Investor Responsibility Research Center (IRRC), are correlated with firm value and stockholderExpand
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This paper tests competing theoretical explanations for the passage of corporate charter antitakeover amendments. The managerial entrenchment hypothesis suggests that antitakeover amendments areExpand
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This paper examines the role of large shareholders in monitoring managers when they propose antitakeover charter amendments. We attempt to distinguish between two competing hypotheses: the “activeExpand
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