Plausibly Exogenous [1442] - Syndicate Structure (01/12/2024)
LHS Variable
Syndicate structure
RHS Variable
Shareholder rights
Source of Exogenous Variation
Passage of second generation antitakeover laws in the United States as an exogenous shock that reduced shareholder rights for the firms located in the states that adopted these laws
- Bharath, Dahiya, and Hallak (2011), “Does Shareholder Rights Affect Syndicate Structure? Evidence from a Natural Experiment”