The use of “shark repellents” to prevent corporate takeovers: An ethical perspective

Certain types of corporate charter antitakeover amendments, or “shark repellents,” may not serve the interests of the stockholders or the stakeholders of the firm. This paper extends the examination of the use of shark repellents by taking an ethical perspective to synthesize prior research on shark...

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Bibliographic Details
Authors: Meade, Nancy L. (Author) ; Davidson, Dan (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1993
In: Journal of business ethics
Year: 1993, Volume: 12, Issue: 2, Pages: 83-92
Further subjects:B Ethical Perspective
B Interest Group
B Expense
B Corporate Takeover
B Economic Growth
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Description
Summary:Certain types of corporate charter antitakeover amendments, or “shark repellents,” may not serve the interests of the stockholders or the stakeholders of the firm. This paper extends the examination of the use of shark repellents by taking an ethical perspective to synthesize prior research on shark repellents and their relationship to stockholder and stakeholder welfare. Some shark repellents seem to benefit certain interest groups at the expense of other groups.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00871928