The rise of anti-activist poison pills
We provide the first systematic evidence of contractual innovation in the terms of poison pill
plans. In response to the increase in hedge fund activism, pills have changed to include anti …
plans. In response to the increase in hedge fund activism, pills have changed to include anti …
The effect of staggered boards on firm value during market shocks
TO Stenzaly - Financial Markets and Portfolio Management, 2023 - Springer
This paper analyzes the effect of staggered boards on firm value during market shocks,
adding to the ongoing debate regarding whether staggered boards are value-enhancing or …
adding to the ongoing debate regarding whether staggered boards are value-enhancing or …
[PDF][PDF] Identifying the Real Effects of the M&A Market on Target Firms
E Berger, D De Angelis, G Grullon - Available at SSRN 4419213, 2023 - aeaweb.org
This paper provides causal evidence of the effects of the M&A market on target firms'
corporate policies. Using antitrust regulatory thresholds to directly link the probability of a …
corporate policies. Using antitrust regulatory thresholds to directly link the probability of a …
Unveiling the Role of Director-Specific Quality in Creating Firm Value
D Bhattarai, M Serfling, T Woidtke - … Corporate Governance Institute …, 2023 - papers.ssrn.com
We create a new measure called director-specific quality (DSQ) that isolates director
attributes that are transferable across firms and time and show that DSQ accounts for a …
attributes that are transferable across firms and time and show that DSQ accounts for a …
The consequences to directors for deploying poison pills
Non-executive directors associated with poison pill adoption experience a decrease in
shareholder votes, an increase in termination rates across all their directorships, and a …
shareholder votes, an increase in termination rates across all their directorships, and a …
M&A and cybersecurity risk: Empirical evidence
G Lattanzio, J Taillard - Available at SSRN 4170093, 2022 - papers.ssrn.com
Using novel measures of cybersecurity risk, we document that low cybersecurity risk firms
are more likely to be involved in M&A transactions. Mergers are significantly less likely to be …
are more likely to be involved in M&A transactions. Mergers are significantly less likely to be …
[PDF][PDF] Do Individual Directors Matter? Evidence of Director-Specific Quality
D Bhattarai, M Serfling, T Woidtke - 2022 - ecgi.global
We create a new measure called director-specific quality (DSQ) that captures the collection
of value-relevant transferable attributes unique to a director and explains 10% of the …
of value-relevant transferable attributes unique to a director and explains 10% of the …
Firm Transparency of Risk Oversight: An Examination of Cybersecurity Governance Disclosures
LE Ereddia - 2023 - trace.tennessee.edu
In this study, I examine factors associated with firm transparency of board oversight using the
setting of cybersecurity risk. The SEC requires that, to the extent cybersecurity risks are …
setting of cybersecurity risk. The SEC requires that, to the extent cybersecurity risks are …
[图书][B] Three essays in corporate finance
MA Habib - 1993 - search.proquest.com
My dissertation consists of three independent essays, each examining a different topic in
corporate finance. In the first essay, I argue that CEO performance payment must vary with …
corporate finance. In the first essay, I argue that CEO performance payment must vary with …