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The Case Against Board Veto in Corporate Takeovers

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NBER2002-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w9078
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This paper argues that once undistorted shareholder choice is ensured -- which can be done by making it necessary for hostile bidders to win a vote of shareholder support -- boards should not have veto power over takeover bids. The paper considers all of the arguments that have been offered for
提供机构:
美国国家经济研究局
创建时间:
2002-07-01
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