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The Impact of Antitakeover Devices on the Valuation Consequences of Voluntary Corporate Selloffs

✍ Scribed by Charmen Loh; R. S. Rathinasamy

Book ID
109178083
Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
844 KB
Volume
32
Category
Article
ISSN
0732-8516

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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