Proxy Contest

Keyword(s):  

1993 ◽  
Vol 20 (3) ◽  
pp. 417-425 ◽  
Author(s):  
Tarun K. Mukherjee ◽  
Oscar Varela


2011 ◽  
Vol 6 (4) ◽  
pp. 1 ◽  
Author(s):  
G. D. Hancock

This paper reviews the theoretical and empirical contributions to the proxy contest literature. Research to date suggest that: 1. The use of the proxy contest as a method of taking over a corporation depends on its cost relative to the tender offer; 2. The security voting structure and debt/equity ratio influence the outcome of the proxy contest; and 3. The value of a proxy contest can be estimated using the principles of option pricing theory.



2021 ◽  
pp. 89-107
Author(s):  
Felix Lessambo


2011 ◽  
Vol 37 (3) ◽  
pp. 257-265 ◽  
Author(s):  
Matthew W. Ragas ◽  
Jinsoo Kim ◽  
Spiro Kiousis


1951 ◽  
Vol 60 (3) ◽  
pp. 429 ◽  
Author(s):  
Frank D. Emerson ◽  
Franklin C. Latcham
Keyword(s):  


1991 ◽  
Vol 18 (4) ◽  
pp. 541-551 ◽  
Author(s):  
G. D. Hancock ◽  
M. Mougoué


1956 ◽  
Vol 54 (5) ◽  
pp. 703
Author(s):  
Julius B. Poppinga
Keyword(s):  




2019 ◽  
Vol 09 (02) ◽  
pp. 202-227
Author(s):  
Maggie Foley ◽  
Chengru Hu ◽  
Fabrizioi Rossi ◽  
Richard Cebula


2009 ◽  
Vol 7 (1) ◽  
pp. 370-379
Author(s):  
Katherine I. Gleason ◽  
Mark S. Klock

Dead hand poison pills prevent potential hostile acquirers from circumventing a poison pill with a proxy contest whereby newly elected directors could redeem the pill. Dead hand provisions only permit continuing directors to redeem. Shareholder rights advocates and legal scholars have criticized dead hand poison pills as an assault on shareholder governance, but economic theory suggests potential shareholder benefits. We provide the first empirical study of dead hand poison pills. We find that adoption of dead hand poison pills leads to gains for shareholders and losses for bondholders. This supports Schwert’s (2000) conjecture that poison pills provide shareholders with better premiums rather than entrench ineffective managers.



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