Takeovers, managerial ownership, and pension plan terminations

Iqbal, Zahid; Shetty, Shekar
January 1999
American Business Review;Jan1999, Vol. 17 Issue 1, p1
Academic Journal
Analyzes the stockholders' reactions to pension plan terminations by takeover likelihood and levels of managerial ownership. Effect of takeover susceptibility on stockholders' evaluation of plan terminations; Favorability of stockholders' returns for terminators with high managerial ownership; Impact of financial weakening and reversion on stockholders' evaluation of plan terminations.


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