CORPORATE GOVERNANCE PREDICTORS OF ADOPTION OF ANTITAKEOVER AMENDMENTS - AN EMPIRICAL-ANALYSIS

Authors
RECHNER PL SUNDARAMURTHY C DALTON DR
Citation
Pl. Rechner et al., CORPORATE GOVERNANCE PREDICTORS OF ADOPTION OF ANTITAKEOVER AMENDMENTS - AN EMPIRICAL-ANALYSIS, Journal of business ethics, 12(5), 1993, pp. 371-378
Citations number
53
Categorie Soggetti
Business,Philosophy
Journal title
Journal of business ethics → ACNP
ISSN journal
01674544
Volume
12
Issue
5
Year of publication
1993
Pages
371 - 378
Database
ISI
SICI code
0167-4544(1993)12:5<371:CGPOAO>2.0.ZU;2-F
Abstract
This study of 481 corporations provides an assessment of the relations hip between several corporate governance variables (board composition, type of board leadership, officer and director stock holdings, instit utional stock holdings, number of majority owners, existence of severa nce agreements) and adoption of anti-takeover amendments. The results of analysis suggest that the two groups (adopters/non-adopters) differ significantly in regards to these variables.