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Cited by 57Corporate Finance and GovernanceAuditing, Earnings Management, GovernanceCorporate Governance and Financial Management

The DOI matches its Crossref record.

The Impact of Antitakeover Amendments on Corporate Financial Performance

Johnson, Mark S., Rao, Ramesh P.·1997·Financial Review
DOI 10.1111/j.1540-6288.1997.tb00905.x
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Abstract

Previous event studies that examine the impact of antitakeover amendments on firm value provide mixed results. Some studies support the management entrenchment hypothesis, while others support the shareholder interest hypothesis. In this study, a longitudinal approach is used to examine the impact of antitakeover amendments on several financial attributes of the firm including: operating and net income to total assets, operating and overhead expenses to sales, research and development to total sales, capital expenditures to sales, and debt relative to total assets. It is concluded that antitakeover amendments are not deleterious in terms of their impact on various fundamental firm performance measures.

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Research works printed but not linked: 20

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  3. 10.1016/0304-405X(83)90016-8 · DOI
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  8. Grossman Sanford J., 1982, The Economics of Information and Uncertainty
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  11. 10.1016/0304-405X(76)90026-X · DOI · Paper page
  12. 10.1016/0304-405X(83)90004-1 · DOI
  13. Jensen Michael C, 1986, Agency Costs of Free Cash Flow, Corporate Finance and Takeovers, American Economic Review, 76, 323
  14. 10.1016/0304-405X(78)90010-7 · DOI
  15. 10.1016/0304-405X(83)90017-X · DOI
  16. 10.1086/259000 · DOI · Paper page
  17. Meulbroek Lisa K., 1990, Shark Repellents and Managerial Myopia: An Empirical Test, Journal of Political Economy, 98
  18. 10.1111/j.1475-6803.1992.tb00786.x · DOI
  19. 10.1016/0304-405X(92)90009-M · DOI
  20. 10.1086/261524 · DOI · Paper page

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Metadata

Authors
Johnson, M. S., & Rao, R. P.
Affiliations
  • Michigan State University (US)
  • Texas Tech University (US)
ORCID
Rao, Ramesh P.
Venue
Financial Review
Publisher
Wiley
Published
1997-11
Volume
32
Issue
4
Pages
659-690
ISSN
  • 0732-8516 (ISSN-L)
  • 1540-6288
DOI
10.1111/j.1540-6288.1997.tb00905.x
OpenAlex
W2036317248
Cited by
57
References
0
Citations by year
2023: 1 · 2022: 1 · 2021: 2 · 2019: 2 · 2017: 1 · 2016: 3 · 2014: 1 · 2013: 4
FWCI
12.28
Type
journal article
Language
en
Open access
closed
Licence
onlinelibrary.wiley.com/termsAndConditions#vor (vor, 2685 d)
Locations
Financial Review (publishedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
  • Social Sciences › Business, Management and Accounting › Accounting › Auditing, Earnings Management, Governance
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Governance and Financial Management
Keywords
corporate financial performance, firm value, operating profit, net income, operating costs, overhead expenses, research and development, capital expenditure, debt ratio, corporate governance

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