Value

Working Paper

Price and Probability: Decomposing the Takeover Effects of Anti-Takeover Provisions

This paper studies the effects of anti-takeover provisions on takeovers and identifies the channels through which they create or destroy value for firms, as well as for the economy as a whole. We provide causal estimates ? that also deal with the...Read more

Vicente Cuñat
Mireia Giné
01 August 2016

Pages