The Law and Finance of Anti|Takeover Statutes

The Law and Finance of Anti-Takeover Statutes

From a legal perspective, this is very odd. Finance scholars focus predominantly on three kinds of anti-takeover statutes: business combination statutes, fair ...

The Law and Finance of Antitakeover Statutes - Stanford Law Review

Numerous finance articles have examined the effect of antitakeover statutes (ATSs) on firm and managerial behavior.

Law and Finance of Antitakeover Statutes - Stanford Law Review

In particular, because most firms have access to other, more powerful takeover defenses—specifically, poison pills—standard antitakeover ...

6 Catan Law and Finance of Anti Takeover statutes.pdf - NYU Stern

From a legal perspective, this is very odd. Corporate lawyers and academics generally dismiss most anti-takeover statutes as irrelevant. So why do finance ...

The Law and Finance of Anti-Takeover Statutes

This article seeks to examine the divide between the law and the finance approach to anti-takeover statutes. We first explain why these statutes ...

The Law and Finance of Anti-Takeover Statutes | ECGI

Lawyers and financial economists have fundamentally different views of anti-takeover statutes. While corporate lawyers and academics generally dismiss these ...

The Law and Finance of Anti-Takeover Statutes

Over the last 15 years, numerous economics articles, many published in top finance journals, have examined the effect of takeover law on ...

NEW YORK UNIVERSITY SCHOOL OF LAW - WLRK

Lawyers and financial economists have fundamentally different views of anti-takeover statutes. While corporate lawyers and academics ...

The law and finance of antitakeover statutes - Document - Gale

Unlike lawyers, who study whether, how, and why antitakeover statutes offer protection against hostile acquisitions, financial economists start from the premise ...

Anti-Takeover Measure: Overview, Different Types - Investopedia

Anti-takeover measures seek to make the stock less appealing, more expensive, or otherwise difficult to push votes through to approve a takeover. Understanding ...

The Effects of Takeover Laws on Corporate Financing Policies

Takeover laws reduce corporate equity financing, whereas they do not affect corporate debt financing.

Do State Antitakeover Provisions Matter? - Andrew Baker

consistent with the legal argument that takeover statutes provide little additional takeover ... The law and finance of antitakeover statutes.

The Effects of Anti-takeover Provisions on Acquisition Targets ...

Many firm level ATPs and state anti-takeover laws were adopted in the 1980s in response to hostile takeovers, and most existing empirical evidence on takeover ...

Professors find fatal flaws in a body of work on takeovers ... - NYU Law

For years, finance academics have been churning out papers describing the effects on management of state statutes designed to protect ...

State Antitakeover Legislation and Firm Financial Policy - jstor

In the wake of numerous hostile corporate takeover attempts in the 1980s, many states enacted antitakeover legislation, often as a direct response to a ...

DERA Working Paper: Do Takeover Laws Matter? Evidence from ...

The authors wish to thank Ran Duchin, Anand Vijh, and participants at the [2015 American Finance Association. Annual Meeting], 2014 American Law and Economics ...

State Anti-Takeover Statutes: Good Politics, Bad Economics

Conversely, anti-takeover laws harm firms because the laws create uncertainty for ... should inform our view of how the law of corporations, financial in-.

4 Federalism and Takeover Law: The ace to Protect Managers from ...

States' relentless effort to come up with new anti-takeover statutes seems to be motivated more by a desire to make takeovers more difficult than by an attempt ...

The Antitrust Laws | Federal Trade Commission

The antitrust laws proscribe unlawful mergers and business practices in general terms, leaving courts to decide which ones are illegal based on the facts of ...

Which antitakeover provisions deter takeovers? - ScienceDirect.com

In tests that account for the endogenous use of antitakeover provisions, we find that at most 11 of the 24 G-index provisions are negatively related to ...