The effect of state anti-takeover laws on board composition

Chun-Keung Hoi; Lessard, Jeffrey
January 2000
American Business Review;Jan2000, Vol. 18 Issue 1, p9
Academic Journal
Examines the effects of anti-takeover laws (ATL) on corporations in Ohio and Penssylvania. Assessment of board composition changes following the passage of ATL; Losses of shareholders and the reduction of the probability of takeovers following ATL; Role of outsiders in protecting shareholder interests and monitoring managerial discretion.


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