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The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy

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NBER2002-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8974
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Staggered boards, which a majority of public companies now have, provide a powerful antitakeover defense, stronger than is commonly recognized. They provide antitakeover protection both by (i) forcing any hostile bidder, no matter when it emerges, to wait at least one year to gain control of the
提供机构:
美国国家经济研究局
创建时间:
2002-05-01
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