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Takeover Defenses and Competition: The Role of Stakeholders

✍ Scribed by K. J. Martijn Cremers; Vinay B. Nair; Urs Peyer


Book ID
111282431
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
126 KB
Volume
5
Category
Article
ISSN
1740-1453

No coin nor oath required. For personal study only.


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This study empirically examines the relationships between a firm's takeover defenses and its ownership structure and stock returns. Analyzing data of Dutch listed companies, we find that multiple antitakeover defenses are increasingly adopted when firms are characterized by relatively lower ownershi