Corpus ID: 166633074

Shareholder or Management Rights Plan

  title={Shareholder or Management Rights Plan},
  author={Anastassia Volkova},
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


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