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Antitakeover Provisions and Shareholder Value Implications: A Review and a Contingency FrameworkUniversity of Cincinnati This paper reviews literatures on the two competing theoretical views of the antitakeover provisionsshareholder value relationship managerial entrenchment and shareholder interests and offers a contingency framework to reconcile these views. This framework, based on a broader agency theory perspective and the organizational literatures on power, incorporates two key moderators: corporate board and shareholder monitoring, and draws attention to when rather than on whether antitakeover provisions enhance or erode shareholder value.
Journal of Management, Vol. 26, No. 5,
1005-1030 (2000) This article has been cited by other articles:
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