A discussion of the efficacy of governance in the context of corporate acquisitions: Evidence on staggered boards and institutional trading and voting

Journal of Corporate Finance

Volumn 15, Issue 1, 2009, Pages 146-148

  Ryan Jr , Harley E ^a  

^a GEORGIA STATE UNIVERSITY   (United States)

Author keywords

Institutional trading; Mergers and acquisitions; Shareholder voting; Staggered boards

Indexed keywords

EID: 57749110526     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jcorpfin.2008.10.001     Document Type: Note

References (12)

1. Ashraf, R., Jayaraman, N., Ryan, H., 2008, Conflicts of interest and mutual fund proxy voting: evidence from shareholder proposals on executive compensation. Working paper, Georgia State University.
2. Bates, T., Becher, D., Lemmon, M., 2008, Board classification and managerial entrenchment: evidence from the market for corporate control 87, 656-677.
3. Bertrand M., and Mullainathan S. Are CEOs rewarded for luck? The ones without principals are. Quarterly Journal of Economics 116 (2001) 901-932
4. Bethel J., Hu G., and Wang Q. The market for shareholder-voting rights around mergers and acquisitions: evidence from institutional daily trading and voting. Journal of Corporate Finance 15 (2009) 129-145 (this issue)
5. Burch T.R., Morgan A.G., and Wolf J.G. Is acquiring-firm shareholder approval in stock-for-stock mergers perfunctory?. Financial Management 33 (2004) 45-69
6. Cohen, L., Schmidt, B., 2008, Attracting flows by attracting big clients: conflicts of interest and mutual fund portfolio choice. Working paper, Harvard Business School.
7. Cremers M., and Nair V. Governance mechanisms and equity prices. Journal of Finance 60 (2005) 2859-2894
8. Grossman S., and Hart O. Takeover bids, the free-rider problem and the theory of the corporation. Bell Journal of Economics 11 (1980) 42-64
9. Hermalin B., and Weisbach M. Boards of Directors as an endogenously determined institution: a survey of the economic literature. Economic Policy Review 9 (2003) 7-26
10. Rose M. Heterogeneous impacts of staggered boards by ownership concentration. Journal of Corporate Finance 15 (2009) 113-128 (this issue)
11. Rossi S., and Volpin P. Cross-country determinants of mergers and acquisitions. Journal of Financial Economics 74 (2004) 277-304
12. Shleifer A., and Vishny R. Large shareholders and corporate control. Journal of Political Economy 94 (1986) 461-488