The effects of corporate antitakeover pr
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James M. Mahoney; Chamu Sundaramurthy; Joseph T. Mahoney
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Article
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1997
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John Wiley and Sons
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English
β 174 KB
π 2 views
This paper's empirical results indicate that the average effect of antitakeover provisions on subsequent long-term investment is negative. The interpretation of these results depends on whether one thinks that there was too much, too little, or just the right amount of longterm investment prior to t