How do staggered boards affect shareholder value? Evidence from a natural experiment

Journal of Financial Economics

Volumn 110, Issue 3, 2013, Pages 627-641

  Cohen, Alma ^a,b   Wang, Charles C Y ^c  

^a TEL AVIV UNIVERSITY   (Israel)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^c HARVARD BUSINESS SCHOOL   (United States)

Author keywords

Agency cost; Airgas; Antitakeover provision; Chancery Court; Corporate governance; Delaware; Firm value; Proxy fight; Staggered board; Takeover defense; Tobin's

Indexed keywords

EID: 84932938916     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jfineco.2013.08.005     Document Type: Article

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