The impact of regulation on anti-takeover defenses: An empirical study

Pornsit Jiraporn, Pandej Chintrakarn

Research output: Contribution to journalArticlepeer-review


We investigate the impact of regulation on anti-takeover defenses for a large sample of U.S firms. We document that financial firms deploy significantly fewer anti-takeover defense mechanisms than do industrial firms. On the contrary, utility firms employ just as many defense mechanisms as industrial firms. Although both financial and utility firms are regulated, it appears that the effects of their regulations on takeover defenses are dissimilar.

Original languageEnglish (US)
Pages (from-to)205-212
Number of pages8
JournalEuropean Journal of Scientific Research
Issue number2
StatePublished - Jul 2012

All Science Journal Classification (ASJC) codes

  • General Computer Science
  • General Mathematics
  • General Materials Science
  • General Agricultural and Biological Sciences
  • General Engineering
  • General Earth and Planetary Sciences


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