Frederick L. Bereskin, Helen Bowers – Monday, September 28, 2015
In a new research paper, “Poison Puts: Corporate Governance Structure or Mechanism for Shifting Risk?” the authors found no evidence that poison puts were associated with weaker governance features. Authored by Frederick Bereskin, University of Delaware assistant professor of finance, and Helen Bowers, University of Delaware associate professor, with support from the Investor Responsibility Research Center Institute (IRRCi), the research also indicates that firms with bonds that feature the indentures have higher levels of institutional ownership and are less likely to have poison pills and are equally likely to have classified boards.