search query: @author McWilliams, V. B. / total: 2
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| Author: | McWilliams, V. B. |
| Title: | Managerial share ownership and the stock price effects of anti-takeover amendment proposals |
| Journal: | Journal of Finance
1990 : DEC, VOL. 45:5, p. 1627-1640 |
| Index terms: | SHARE OWNERSHIP MERGERS MANAGERS SHARE PRICES |
| Language: | eng |
| Abstract: | It is examined whether stock price effects of anti-takeover amendments can be identified when managerial share ownership and amendment type are considered. Results indicate a benefit associated with the amendments for firms with low managerial share ownership when all but fair price amendments are proposed. As the ownership level increases, the stock price reaction to amendment proposals becomes negative. |
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