Article ID Journal Published Year Pages File Type
5086275 Japan and the World Economy 2011 15 Pages PDF
Abstract
▶ Adoption of poison pills reveals the manager's preference for entrenchment. ▶ Firms with a manager of longer tenure tend to adopt poison pills. ▶ Stock price decreases with the announcement of the poison pill. ▶ Stock price decreases only when firm performs poorly.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The adoption of poison pills and managerial entrenchment: Evidence from Japan
Authors
, ,