Academic literature on the topic 'Poison pills'

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Journal articles on the topic "Poison pills"

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Gleason, Katherine I., and Mark S. Klock. "Is there power behind the dead hand? An empirical investigation of dead hand poison pills." Corporate Ownership and Control 7, no. 1 (2009): 370–79. http://dx.doi.org/10.22495/cocv7i1c3p4.

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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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Sanford Jr, Douglas, Yong-Yeon Ji, and Won-Yong Oh. "Poison pills and CEOs: The résumé matters." Corporate Board role duties and composition 8, no. 2 (2012): 24–43. http://dx.doi.org/10.22495/cbv8i2art3.

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Previous research has linked poison pill to corporate governance characteristics such as ownership structure and board composition while overlooking the attributes of top managers involved in poison pill decision. Based on upper echelons perspective, we changed the focus by investigating the effect of CEO characteristics on poison pills, as measured by age, business education, and outside directorships. Using a sample of Fortune 500 manufacturing firms, we found that CEO business education is positively associated with poison pills, while CEOs’ outside directorships are negatively associated with poison pills. Furthermore, we found that CEO duality moderates the relationship between CEO business education and poison pills. We make implications for both corporate governance research and managerial practices regarding firms’ anti-takeover provisions
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Nguyen, Duc Giang. "The endogeneity of poison pill adoption and unsolicited takeovers." International Journal of Managerial Finance 14, no. 1 (February 5, 2018): 23–36. http://dx.doi.org/10.1108/ijmf-04-2017-0075.

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Purpose Poison pill adoption is often considered as the most effective tactic to fend off an unsolicited takeover bid. However, it is difficult to identify the deterrent effect because the adoption is naturally endogenous. The purpose of this paper is to use plausibly exogenous instruments to mitigate the endogeneity problem. Design/methodology/approach The author employs two econometric models: the linear probability model and the bivariate probit model to examine the effect of poison pills on the outcome of a takeover. Findings Using a sample of 655 unsolicited takeovers, the author finds that poison pills substantially reduce the likelihood that a takeover bid, once undesirably placed, is completed. This negative impact strongly supports the manager entrenchment hypothesis in that managers adopt poison pills to ensure the continuation of their private benefits. However, the author finds no strong evidence consistent with the shareholder interest hypothesis that poison pills enhance the management’s ability to negotiate higher premiums or reject inadequate offers. Research limitations/implications The demise of the market for unsolicited takeovers with the disappearance of poison pills can be explained by the fact that poison pills, if adopted, will have an absolute deterrent effect on the takeover likelihood of success, and targets always have the power to adopt them instantly. Practical implications There should be policies to limit the power of managers to adopt poison pills because it causes the entrenchment problem which will negatively affect the firm value. Originality/value The author tackles the problem of the endogeneity of poison pill adoptions. The author shows that poison pills have a strong negative effect on the takeover outcome and the result can explain the decreasing number of unsolicited takeovers.
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Solomon, Daniel H. "Poison pills." Journal of Clinical Investigation 119, no. 3 (March 2, 2009): 427. http://dx.doi.org/10.1172/jci38430.

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Schepker, Donald J., Won-Yong Oh, and Pankaj C. Patel. "Interpreting Equivocal Signals: Market Reaction to Specific-Purpose Poison Pill Adoption." Journal of Management 44, no. 5 (March 18, 2016): 1953–79. http://dx.doi.org/10.1177/0149206316635250.

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Signaling theory suggests that firms send signals to stakeholders to reduce information asymmetry. Research, however, has rarely examined how investors interpret signals that are equivocal. We suggest that sensemaking serves as an important process by which investors interpret firm signals, and salient contextual cues influence the sensemaking process. We examine an equivocal signal, the adoption of a poison pill, as a means of examining investor interpretation of the signal and the role of contextual cues in influencing interpretation. Using a sample of 578 poison pill adoptions and controlling for self-selection, we find that investors react negatively to poison pills adopted to protect net operating losses (NOL poison pills) but positively to poison pills adopted when the firm is in receipt of a takeover offer (in-play poison pills). Assessing the role of contextual cues, our results suggest that CEO duality, the proportion of inside directors on the firm’s board, the firm’s R&D investments, and industry concentration also condition investor response to specific-purpose poison pill adoption. Our study contributes to research on signaling theory, sensemaking, and corporate governance by examining how investors interpret a firm’s equivocal governance decisions.
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Turk, Thomas A., Jeremy Goh, and Candace E. Ybarra. "The effect of takeover defenses on long term and short term analysts’ earnings forecasts: The case of poison pills." Corporate Ownership and Control 4, no. 4 (2007): 140–44. http://dx.doi.org/10.22495/cocv4i4p11.

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This study examined the effect of poison pill adoption on long term and short earnings forecasts by security analysts. Our results provide no evidence of significant revisions in one-year or five-year earnings forecasts following the adoption of poison pills. We do find evidence, however, that firms adopt poison pills following a period of significant negative revisions in earnings forecasts. Our results suggest that poison pill adoptions may be a response to downward revisions in earnings forecasts
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Johnson, Dana J., and Nancy L. Meade. "Shareholder Wealth Effects Of Poison Pills In The Presence Of Anti-Takeover Amendments." Journal of Applied Business Research (JABR) 12, no. 4 (September 8, 2011): 10. http://dx.doi.org/10.19030/jabr.v12i4.5780.

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<span>In the 1980s managers were innovating in implementing arsenals of devices to prevent possible takeovers of their firms. These anti-takeover devices were usually amendments to the corporate charter or poison pills. Prior studies have examined market reactions to either amendment devices or poison pills. This study provides an extension to those studies by examining marketing reactions to poison pills as the first anti-takeover devices compared with pill adoptions as an addition to an already existing arsenal of charger amendment devices. Results indicate that market reactions differ between these two types of events. Stockholder wealth effects differ also according to the type of charter amendment in place at the time of pill adoption.</span>
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Turk, Thomas A., Jeremy Goh, and Candace E. Ybarra. "Do poison pills increase firm risk?" Corporate Ownership and Control 5, no. 3 (2008): 47–53. http://dx.doi.org/10.22495/cocv5i3p5.

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Management scholars have argued that an active takeover market discourages risk-taking by managers and that takeover defenses serve to counter the risk-reducing pressures of an active takeover market. This study employs the Black and Scholes Option Pricing Model to determine whether or not adoption of poison pill securities increases investor perceptions of firm risk. The results provide evidence that the Option-Implied Standard Deviations of common stock returns increase significantly on the poison pill adoption date, on average. Furthermore, the implied standard deviations remained significantly above pre-adoption levels for several days after the poison pill adoption, suggesting that the perceived increase in firm risk is permanent. These results suggest the poison pills may serve a more constructive role in the governance of publicly traded firms than is generally assumed.
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Azevedo, Yuri Gomes Paiva, and Sílvio Hiroshi Nakao. "THE INFLUENCE OF POISON PILLS ON EXECUTIVE COMPENSATION." Advances in Scientific and Applied Accounting 12, no. 3 (December 31, 2019): 039–61. http://dx.doi.org/10.14392/asaa.2019120303.

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Tian, Xiaoli (Shaolee). "Does Real-Time Reporting Deter Strategic Disclosures by Management? The Impact of Real-Time Reporting and Event Controllability on Disclosure Bunching." Accounting Review 90, no. 5 (March 1, 2015): 2107–39. http://dx.doi.org/10.2308/accr-51095.

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ABSTRACT The SEC is moving toward requiring real-time reporting. Proponents have predicted that disclosing a news event immediately after it arises could reduce information aggregation and disclosure bunching. But evidence from the theoretical literature suggests that the effect depends on whether managers can time the underlying required reporting event. Managers, for example, can time regular poison pill adoptions, but have limited ability to time in-play pill adoptions. Thus, I test whether real-time reporting deters disclosure bunching around the disclosures of regular and in-play poison pill adoptions to examine whether managers' ability to time events affects whether real-time reporting deters strategic disclosure. I find that real-time reporting does not deter disclosure bunching for regular poison pills, but does deter it for in-play pills. These results suggest that real-time reporting will reduce disclosure bunching only if managers cannot time the underlying event. JEL Classifications: M40; M41; M48
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Dissertations / Theses on the topic "Poison pills"

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Zhou, Xin, Teuta Alija, and Owoicho Ochoche. "Poison Pills : A management-shareholder benefits comparison." Thesis, Jönköping University, JIBS, Business Administration, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-12413.

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Problem: The problem of this thesis involves the controversy that the implementation of poison pills generates. The conflict amongst various stakeholders that are affected directly or indirectly by the implementation of the poison pill also contributes significantly to the problem of this thesis.

Purpose: The purpose of this thesis is to investigate and compare the benefits of the poison pill adoption on shareholder and management interests. We also seek to evaluate arguments for and against pill adoption, and determine if these arguments are valid in view of facts established from our study.

Conclusions: Our study in this thesis has brought us to five conclusions about the poison pill policy in fulfillment of the purpose. We state in our conclusion that arguments for and against the poison pill can both be validated depending on the case, we also state that a general conclusion cannot be drawn as to the negative or positive effect of the poison pill on stakeholders. We proceed to argue that the pill is a very effective fighting toll in the current business world and state that more should be done to regulate pill implementation. We finish up our conclusion by identifying what appears to be an inverse relationship between management and shareholders benefits from the implementation of the pill.

Originality: The uniqueness of our study resides in the theoretical framework that is developed from two prevailing hypotheses in the academic research of the poison pill. The previous studies either take on the management entrenchment hypothesis (MEH) or the shareholder interest hypothesis (SIH). However, we have combined the elements of both hypotheses and jointly revealed the advantages and disadvantages of the pill adoption for both management and shareholders via our original management shareholder benefits comparison matrix.

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Kusserow, Berthold F. "Poison pills in Canada : good news for bad management?" Thesis, McGill University, 1989. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=55694.

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Azevedo, Yuri Gomes Paiva. "Poison Pills e gerenciamento de resultados: um estudo das Companhias Listadas na B3." PROGRAMA DE P?S-GRADUA??O EM CI?NCIAS CONT?BEIS, 2018. https://repositorio.ufrn.br/jspui/handle/123456789/25042.

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Este estudo tem por objetivo investigar se as poison pills exercem influ?ncia no n?vel de gerenciamento de resultados das companhias listadas na B3. Para isso, foram coletados dados referentes ? presen?a desse dispositivo anti-takeover bem como de cl?usulas acess?rias ?p?treas? associadas ?s poison pills nos estatutos sociais de 225 companhias n?o-financeiras. As informa??es necess?rias para estima??o dos accruals discricion?rios pelo modelo proposto por Dechow, Sloan e Sweeney (1995), assim como as vari?veis de controle inseridas no modelo econom?trico, foram obtidas por meio da base de dados Bloomberg?, compreendendo o per?odo 2010-2016. Com base nos resultados, verificou-se que a ado??o das poison pills n?o exerce influ?ncia significativa no n?vel de gerenciamento de resultados. Entretanto, a inexist?ncia dessa rela??o n?o sinaliza que essas companhias n?o est?o envolvidas em pr?ticas de gerenciamento de resultados, uma vez que a dummy Poisonpill n?o se apresenta estatisticamente distinta do grupo base, composto por companhias que n?o adotam poison pills e que apresentam rela??o negativa e significativa com os accruals discricion?rios. Por fim, no contexto nacional, foram encontradas evid?ncias de que as cl?usulas ?p?treas? podem ser inseridas nos estatutos sociais visando exacerbar o n?vel de gerenciamento de resultados, visto que os achados demonstram que as poison pills com cl?usulas ?p?treas? efetivamente se diferenciam das poison pills, apresentando rela??o positiva e estatisticamente significativa com os accruals discricion?rios.
This study aims to investigate if the poison pills influences on the earnings management level of the companies listed in B3. For this, data were collected regarding the presence of this antitakeover device as well as of ?eternity? accessory clauses associated with the poison pills in the bylaws of 225 non-financial companies. The informations that are necessary to estimate the accruals discretionary by the model proposed by Dechow, Sloan and Sweeney (1995), as well as the control variables inserted in the econometric model, were obtained through the Bloomberg? database, comprising the period 2010-2016. Based on the results, it was verified that the the adoption of the poison pills doesn?t have a significant influence on the earnings management level. However, the non-existence of this relationship doesn?t indicate that these companies are not involved in earnings management practices, since the Poisonpill dummy is not statistically distinct from the base group, which is composed by companies that do not adopt poison pills and that present negative and significant relation with the discretionary accruals. Finally, in the national context, evidence has been found that "eternity" clauses can be inserted into the bylaws to exacerbate the level of earnings management, since the findings demonstrate that poison pills with "etenity" clauses effectively differentiate themselves of the poison pills, presenting a positive and statistically significant relation with discretionary accruals.
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Ericsson, Marcus, and Anthon Ivarsson. "Nya tider för försvarasstrategier : En fallstudie som behandlar försvarsstrategier och IR." Thesis, Uppsala University, Department of Business Studies, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-8689.

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Blease, John Robert. "The effect of the portfolio of takeover provisions on operating performance, takeovers, and takeover premiums /." view abstract or download file of text, 2002. http://wwwlib.umi.com/cr/uoregon/fullcit?p3045084.

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Thesis (Ph. D.)--University of Oregon, 2002.
Typescript. Includes vita and abstract. Includes bibliographical references (leaves 112-118). Also available for download via the World Wide Web; free to University of Oregon users.
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Xu, Puwei, and Wulf Loïc De. "Acquisitions: Poison Pill for Innovation?" Thesis, Högskolan i Halmstad, Sektionen för ekonomi och teknik (SET), 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-6149.

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Nowadays, many firms are or have already been engaged in an acquisition process, either as target or acquirer. While these companies seem confident in the potential returns of such endeavors, the positive aspect of those acquisitions has yet to be proven. There is indeed a vivid discussion among scholars, which are divided into two categories. On the one hand, there are those considering acquisitions as a source of additional knowledge that will in turn increase the innovation within the company; and on the other hand, those denigrating acquisitions, assimilating them to a “poison pill” for innovation. The purpose of this research is therefore to investigate whether the acquisitions will influence positively or negatively the innovative performance of companies involved in such processes. Using a quantitative approach, this research analyzed the R&D investments made by those companies and the issued patents gained in return. The research provides mixed results. While acquisitions seem to have a positive impact on the companies‟ innovative performance during the two years following the acquisition, this positive impact does not last and even becomes negative during the third year.
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Molin, Johan. "Essays on corporate finance and governance." Doctoral thesis, Stockholm : Economic Research Institute, Stockholm School of Economics [Ekonomiska forskningsinstitutet vid Handelshögsk.], 1996. http://www.hhs.se/efi/summary/421.htm.

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Martes, Camilla Ribeiro. "Sobre o controle minoritário nas companhias listadas no novo mercado." Universidade de São Paulo, 2014. http://www.teses.usp.br/teses/disponiveis/2/2132/tde-08122014-155609/.

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Dentre os atuais desafios do direito societário brasileiro, a estrutura da propriedade acionária das sociedades por ações de capital aberto e a identificação daqueles que as comandam merecem destaque. O aquecimento das transações realizadas via mercado de capitais e a consolidação dos segmentos especiais de governança corporativa no Brasil resultaram no chamado fenômeno de dispersão acionária, que evidenciou certa ruptura na tradicional estrutura de propriedade acionária exclusivamente concentrada, até então predominante nas companhias brasileiras. Diante desse cenário contrastante, de mudanças no perfil do poder de controle sobre as companhias brasileiras, o presente trabalho apresentará em seu capítulo terceiro, após breve análise das estruturas de capital identificadas em diferentes economias e de retrospectiva sobre a propriedade acionária das companhias brasileiras (a serem apresentadas em seu segundo capítulo), extensa pesquisa empírica realizada com o propósito de identificar a atual estrutura de propriedade acionária predominante entre as companhias brasileiras listadas no segmento especial do Novo Mercado da BMF&BOVESPA (Novo Mercado), e com o objetivo de averiguar a existência do chamado controle societário minoritário entre tais companhias, conforme detalhado nos apêndices desta dissertação. Referida pesquisa empírica representa, ainda, rico processamento da base de dados e informações divulgadas à Comissão de Valores Mobiliários (CVM) pelas companhias listadas no Novo Mercado, e serve de base para a avaliação da necessidade de eventuais mudanças nos conceitos adotados pelo Direito Societário pátrio, tendo em vista entendimento divergente identificado na doutrina e em julgados da CVM no âmbito da possibilidade de existência de um controle societário exercido por acionista ou grupo de acionistas não detentores da maioria do capital social votante, conforme detalhado no quarto capítulo deste estudo. Por fim, serão apresentadas, no quinto e último capítulo, as considerações finais à análise proposta, com destaque para as principais conclusões obtidas na elaboração dos capítulos terceiro e quarto descritos acima, dentre elas a existência do controle societário interno não majoritário (controle minoritário) entre companhias listadas no Novo Mercado, bem como os reflexos dessa constatação no âmbito da prática do Direito Societário.
Among the current challenges of the Brazilian Corporate Law, the structure of the capital ownership of the corporations and the identification of those who exercises control over it remains an important aspect to be taken into consideration when analyzing the main aspects of the Brazilian capital market. The heat up of the transactions carried out through the capital market, and the consolidation of the special corporate governance segments in Brazil resulted in the so called phenomenon of the dispersed ownership, which revealed a rupture from the traditional structure of extremely concentrated ownership, that was prevailing until now among the Brazilian corporations. Given such contrasting scenario of changes in the profile of corporate power over Brazilian corporations, these thesis, after describing, over its first two chapters, the structures of capital ownership existent in different economies and providing a retrospective on the capital ownership of Brazilian corporations, presents, in its third chapter, an extensive empirical research performed with the purposes of identifying the current structure of capital ownership prevailing among the Brazilian companies listed in the Novo Mercado, special segment of the Brazilian Exchange BMF&BOVESPA (the New Market), as well as ascertaining the existence of minority corporate control among such companies, as detailed in the appendixes hereto. The referred empirical research presents, furthermore, detailed data processing in connection with the information disclosed by such companies to the Brazilian Stock Exchange Commission, the Comissão de Valores Mobiliários (CVM), and is also used as basis for reviewing the need of eventual changes in the concepts embodied by the Brazilian Corporate Law, in view of the divergent understanding identified in the Brazilian doctrine and judgments issued by the CVM in connection with the existence of a corporate control exercised by a shareholder or group of shareholders owner of shareholding not representative of the majority of the voting capital stock, as detailed in the fourth chapter of these thesis. Finally, the fifth and last chapter of these study presents the final considerations in connection with the review proposed hereto, highlighting the main conclusions obtained through the elaboration of the third and fourth chapters described above, among them the existence of a not majority internal control (minority control) in companies listed in the New Market, as well as the effects of such conclusion in the light of the practice of corporate law.
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Souza, Paloma dos Reis Coimbra de. "A tomada de controle de companhia aberta: a poison pill à brasileira." Universidade de São Paulo, 2011. http://www.teses.usp.br/teses/disponiveis/2/2132/tde-21082012-110744/.

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Il presente lavoro si occupa delle tecniche comunemente citate come clausola di protezione alla dispersione azionaria, usate dalle società brasiliane. Dette tecniche sono state soprannominate dalla comunità giuridica nazionale di poison pills (pillole di veleno). Lespressione già è utilizzata nellesperienza nordamericana per riferirsi a un insieme di misure difensive contro la scalata ostile, con la quale la poison pill alla brasiliana si somiglia molto poco. Il tema si inserisce nel contesto più ampio della scalata della società cotata (takeover) e le tecniche di difesa usualmente impiegate per impedirla o tornarla più difficile, quando non desiderata. Tali tecniche sono principalmente usate da società con capitale disperso sul mercato mobiliare e il cui potere di controllo è praticato con il controllo di porzione ridotta del capitale sociale. La ricerca per una maggiore dispersione azionaria, così come la presenza solamente di azioni votanti, ha fatto con che la pillola brasiliana si tornassi specialmente comune nelle società elencate nel Nuovo Mercato della BM&F-Bovespa S.A. Borsa Valori, Borsa Merce e Mercato a termine. Lanalisi proposta è circoscritta a dette società e alla difesa da loro adottate. In questo modo, si parte dallanalisi della disciplina giuridica delle offerte pubbliche volontarie (articolo 257 della Legge di Società per Azioni), principale strumento per la scalata del controllo di società cotata, passiamo per i due principali sistemi di regolazione della scalata, con distacco ai modelli nordamericani e inglese/europeo, per infine arrivare alla valutazione della misura difensiva denominata poison pill tanto come originalmente concepita, nella pratica forense nordamericana, quanto nella sua versione brasiliana. È tema recente nella letteratura giuridica brasiliana, ancora poco investigata, ma abbastanza conosciuta, studiata e vissuta dalla dottrina ed esperienza straniera, con base nella quale il presente lavoro è stato sviluppato.
O presente trabalho cuida das técnicas comumente referidas como cláusula de proteção à dispersão acionária, empregadas pelas companhias brasileiras. Tais técnicas foram apelidadas pela comunidade jurídica nacional de poison pills (pílulas de veneno). A expressão já é utilizada na experiência norte-americana para se referir a um conjunto de medidas defensivas contra a tomada de controle hostil, com as quais a poison pill à brasileira guarda pouca semelhança. O tema insere-se no contexto mais amplo da tomada de controle da companhia aberta (takeover) e as técnicas de defesa usualmente empregadas para impedi-la ou dificultá-la, quando indesejada. Tais técnicas são principalmente empregadas por companhias com capital disperso no mercado mobiliário e cujo poder de controle é exercido com a detenção de parcela reduzida do capital social. A busca pela maior dispersão acionária, bem como a presença apenas de ações votantes, fez com que a pílula brasileira se tornasse especialmente comum nas companhias listadas no Novo Mercado da BM&F-Bovespa S.A. Bolsa de Valores, Mercadorias e Futuros. A análise proposta circunscreve-se a tais companhias e à defesa por elas adotada. Dessa forma, parte-se da análise da disciplina jurídica das ofertas públicas voluntárias (artigo 257 da Lei das Sociedades por Ações), principal instrumento para a tomada de controle da companhia aberta, passa-se pelos dois principais sistemas de regulação da tomada de controle, com destaque para os modelos norte-americanos e inglês/europeu, para enfim chegar à apreciação da medida defensiva denominada poison pill tanto como originalmente concebida, na prática forense norte-americana, quanto em sua versão brasileira. É tema recente na literatura jurídica brasileira, ainda pouco explorado, mas bastante conhecido, estudado e vivenciado pela doutrina e experiência estrangeira, com apoio na qual o presente trabalho foi desenvolvido
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Lowrance, Daniel Scott. "An examination of agency costs the case of REITs /." Diss., Texas A&M University, 2002. http://hdl.handle.net/1969/127.

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Books on the topic "Poison pills"

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Jaenicke, Ted. Poison pills: Issues in corporate governance : background report. Washington, DC (1755 Massachusetts Ave., N.W., Washington 20036): Investor Reponsibility Research Center, 1991.

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Poison pills: The untold story of the Vioxx drug scandal. New York: Thomas Dunne Books, 2008.

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Olive, David. White knights and poison pills: A cynic's dictionary of business jargon. Toronto, Ont: Key Porter Books, 1990.

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Comment, Robert. Poison or placebo?: Evidence on the deterrent and wealth effects of modern antitakeover measures. Cambridge, Mass: National Bureau of Economic Research, 1993.

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Charles E. Simon & Company. Corporate anti-takeover defences: The poison pill device. New York, NY: Clark Boardman Callaghan, 1997.

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Weisner, Arnd. Verteidigungsmassnahmen gegen unfreundliche Übernahmeversuche in den USA, Deutschland und nach europäischem Recht. Münster: Lit, 2000.

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B. T. M. Steins Bisschop. De beperkte houdbaarheid van beschermingsmaatregelen bij beursvennootschappen: Een analyse aan de hand van certificering. Deventer: Kluwer, 1991.

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Stone, T. W. Pills, potions, and poisons: How drugs work. Oxford: Oxford University Press, 2004.

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Aggarwal, Reena. Bargaining in the shadow of peoplesoft's (defective) poison pill. Cambridge, MA: Harvard Law School, 2006.

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A, Hancock William, and Williams Monica B, eds. Special study for corporate counsel on poison pills. Chesterland, Ohio: Business Laws, Inc., 2000.

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Book chapters on the topic "Poison pills"

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Frigg, Roman, Seamus Bradley, Reason L. Machete, and Leonard A. Smith. "Probabilistic Forecasting: Why Model Imperfection Is a Poison Pill." In New Challenges to Philosophy of Science, 479–91. Dordrecht: Springer Netherlands, 2013. http://dx.doi.org/10.1007/978-94-007-5845-2_39.

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Osugi, Kenichi. "Transplanting poison pills in foreign soil." In Transforming Corporate Governance in East Asia, 36–59. Routledge, 2008. http://dx.doi.org/10.4324/9780203931202.ch2.

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"Transplanting poison pills in foreign soil: Japan’s experiment." In Transforming Corporate Governance in East Asia, 46–69. Routledge, 2008. http://dx.doi.org/10.4324/9780203931202-9.

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Hill, Jennifer G. "Takeovers, Poison Pills and Protectionism in Comparative Corporate Governance." In Festschrift für Klaus J. Hopt zum 70. Geburtstag am 24. August 2010, edited by Stefan Grundmann, Brigitte Haar, Hanno Merkt, Peter O. Mülbert, Marina Wellenhofer, Harald Baum, Jan von Hein, et al. Berlin, New York: De Gruyter, 2010. http://dx.doi.org/10.1515/9783899496321.795.

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"Chapter Seven: “Institutional Investors in the U.S. and the Repeal of Poison Pills: A Practitioner’s Perspective”." In Institutional Investors and Corporate Governance, 201–24. De Gruyter, 1994. http://dx.doi.org/10.1515/9783110893380.201.

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Emsley, John. "Lead murders." In The Elements of Murder. Oxford University Press, 2005. http://dx.doi.org/10.1093/oso/9780192805997.003.0021.

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Criminal poisonings with lead compounds are noteworthy because of their rarity. Indeed a person intent on poisoning someone would be unlikely to choose lead because of its uncertainty of action. Nevertheless there were murders in which it was used, such as the killing of Thomas Taylor in September 1858, when white lead was the poison, and the murder of Mary Ann Tregillis in 1882, when lead acetate was used. This salt was also the agent in the attempted murder of Honora Turner also in 1858. The lead compound that killed Pope Clement II in 1047 can only be speculated on. The inquest into the death of Thomas Taylor, which was held by the coroner for Gloucestershire on 27 September 1858, was reported in the November issue of the Pharmaceutical Journal because it was an unusual case of death by poisoning with lead carbonate. Thomas lived in Gloucestershire with his wife, Ann, and the child that he had fathered by another woman. He also had a brother, Charles, who had recently been released from prison and who had gone to live with the Taylors. It was not long before quarrels broke out between Thomas and his wife, whom he accused of being too affectionate towards Charles. In fact Ann was more than affectionate; she openly stated that she preferred brother Charles and wished her husband was dead. Her wish was to be granted. In August 1858 Thomas was seized with violent pains in his stomach which lasted for several days and for which he sought medical treatment. The doctor gave him some opium pills to kill the pain and senna water to act as a laxative. When these failed to cure him his doctor prescribed larger doses which he said could be obtained from his surgery. However, the doctor noticed that when his wife Ann went to collect more senna water she brought along a bottle that had contained the original medicine and that the dregs of the first dose were now a different colour and it tasted odd. Thomas died on 4 September, but the doctor was sufficiently suspicious of the cause of death that he refused to issue a death certificate until he and a surgeon friend of his had carried out a post-mortem.
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"7. A 'poison pill' and collateral trust bonds." In The Beauharnois Scandal, 88–94. Toronto: University of Toronto Press, 1990. http://dx.doi.org/10.3138/9781487580520-011.

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Anand, Anita Indira. "Shareholders and Takeover Bids: Revisiting the Poison Pill." In Shareholder-driven Corporate Governance, 83–100. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780190096533.003.0006.

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This chapter assesses change-of-control transactions and the use of the defensive tactic known as the poison pill, a governance tool that often puts boards, rather than shareholders, in charge of a corporation’s response to a takeover. Much as in the MVS context, this separation of ownership of the corporation from its control may invite conflicts of interest, here between boards and shareholders. The chapter then asks how shareholder-driven corporate governance (SCG) can and should inform regulation of this defensive tactic. It also considers management entrenchment theory and the shareholder-primacy norm in the context of changes of control. Both the normative and the positive aspects of SCG make it necessary to revisit the current legal balance between the interests of directors and the interests of target shareholders in takeovers.
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Conference papers on the topic "Poison pills"

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Terra, Egidio, and Robert Warren. "Poison pills." In the 14th ACM international conference. New York, New York, USA: ACM Press, 2005. http://dx.doi.org/10.1145/1099554.1099646.

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Kamath, Arun, Hans Bihs, and Øivind A. Arntsen. "Calculation of Wave Forces on Cylindrical Piles Using a 3D Numerical Wave Tank." In ASME 2013 32nd International Conference on Ocean, Offshore and Arctic Engineering. American Society of Mechanical Engineers, 2013. http://dx.doi.org/10.1115/omae2013-10337.

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Offshore constructions generally include a large number of vertical cylinders in the support structure. The calculation of wave forces on a vertical cylinder and hydrodynamic effects on it in the presence of neighbouring cylinders is of practical interest. In this paper, a 3D numerical model is used to calculate wave forces on bottom fixed cylindrical piles. Two cases are considered in this study: a single cylinder and a pair of tandem cylinders. A scenario with multiple cylindrical structures in close proximity introduces complex wave-structure interactions and would be of great interest to observe this in detail in a three-dimensional simulation. The wave force exerted on a cylindrical pile is numerically calculated by integrating the pressure and the wall shear stress around the surface of the cylinder. In the case of the single cylinder, the force calculated by the model is compared to the force predicted by the Morison formula and MacCamy-Fuchs theory. In the second case, the pair of cylinders is aligned in the direction of the incoming waves. The numerically calculated inline wave force on each cylinder is compared to the analytical solution for this setup and a good agreement is seen. The Reynolds-Averaged Navier-Stokes equations are used as the governing equations for the fluid flow in the numerical model. The convective terms are discretized using a 5th-order conservative finite difference WENO scheme. A 3rd-order accurate TVD Range-Kutta scheme is used for time discretization. Chorin’s projection method is used to discretize the pressure. The Poisson equation for pressure is solved using a preconditioned BiCGStab algorithm. The level set method is used to obtain a sharp representation of the free water surface. Turbulence in the flow is simulated using the k-ω model. The numerical model is adapted to parallel processing using the MPI library to improve the computing performance of the code.
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Lari, Noora, Noof Al-Rakeb, Noor Al Emadi, and Sundos Ashi. "Fertility Transitions: Implications for Future Demographic Trends in Qatar." In Qatar University Annual Research Forum & Exhibition. Qatar University Press, 2020. http://dx.doi.org/10.29117/quarfe.2020.0253.

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Introduction: In Qatar, while most of the country’s demographic situations have been widely studied, much less attention has been paid to the determinants of Qatari women’s sociodemographic characteristics and the prevalence of family planning methods. This raises the following question: How, and to what extent, do population dynamics that stratify national populations by age; sex; marital status; and level of education, income, and employment contribute to the declining of fertility rate and cause mortality differentials in Qatar. Materials and methods: Data from a 2018 fertility survey project with a random sample of 607 Qatari households, collected via personal interviews using a questionnaire and a computer assisted personal interview, by the Social and Economic Survey Research Institute at Qatar University, was examined based on a multi-dimensional model. The data were analyzed using logistic and Poisson regression techniques. Results: The data show that Qatari women’s total fertility rate is 3.2, with women in the 20–29 age group having the highest fertility rates. Evaluating the effects of women’s educational attainment and employment status revealed no significant factors influencing the agespecific fertility rate of Qatari women. In addition, the results indicate that the most common contraceptive method currently used among Qatari women is pills (29%), and their use is more prevalent among older Qatari women who have had more children than among younger Qatari women with fewer children. Conclusion/ future direction: The paper provides comprehensive policy recommendations for increasing the reproductive rate in Qatar by providing supporting programs to increase the total fertility rate and childbearing rates among Qatari women. It also promotes the provision of high-quality family planning services.
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