The costs of entrenched boards
By: Lucian Arye Bebchuk and Alma Cohen
Contributors: Cohen, Alma
Series: Discussion paper -- no. 478; Discussion paper (John M. Olin Center for Law, Economics, and Business) -- no. 478
Publisher: Harvard Law School
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Number of pages: 34
Subjects: Boards of directors; Corporate governance; Corporations; Valuation; Consolidation and merger of corporations
Description: "This paper investigates empirically how the value of publicly traded firms is overall affected by arrangements protecting management from removal"--Abstract. Especially discusses boards with staggered terms.
Notes: "06/2004."

Includes bibliographical references.

Discussion papers published since September 1997 are available for downloading free of charge from the Olin Center web site.