Article
Governance and Corporate Control: Compliments or Substitutes
College of Management Working Papers and Reports
Document Type
Occasional Paper
Publication Date
1-1-2004
Abstract
In this paper we test for the motives for adopting golden parachutes and Anti Takeover Amendments (ATAs). Firms that exhibited financial characteristics that were associated with a greater probability of hostile raids were also more likely to adopt golden parachutes or ATAs. We also find evidence to support the hypothesis that the adoption of golden parachutes and poison pills may in fact be complement each other.
Community Engaged/Serving
No, this is not community-engaged.
Citation Information
Atreya Chakraborty. "Governance and Corporate Control: Compliments or Substitutes" (2004) Available at: http://works.bepress.com/atreya_chakraborty/4/
College of Management Working Paper 1009