1. Blood in the Water: The Value of Antitakeover Provisions During Market Shocks

    Blood in the Water: The Value of Antitakeover Provisions During Market Shocks

    There is an active debate in the literature as to whether antitakeover provisions (ATPs) that shield managers from takeovers create or destroy firm value. While most studies focus on the average effects of ATPs across all firms and time, the recent COVID-19 pandemic and the massive drop in share prices the pandemic caused raised another important question in this debate...

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