The Disappearing Delaware Effect

By Guhan Subramanian. 2004

133 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/bb00e1ff1164c2f8f2b730452709d497f15ad1f6

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Citations in the corpus

Exploring the Role Delaware Plays as a Domestic Tax Haven (2013, result): “Our study also augments prior research that establishes the major role Delaware plays in the decision of where to incorporate (e.g., Daines, 2001; Subramanian, 2004).”
With greater power comes greater responsibility? takeover protection and corporate attention to stakeholders (2009, background): “Consistent with prior literature, 1996 indicates the watershed year when Delaware-based companies experienced enhanced legal protection from takeovers (Subramanian , 2004).”
The choice of corporate liquidity and corporate governance (2009, background): “According to Bebchuk, Coates, and Subramanian (2002),”
Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, methodology): “Both rely on Subramanian (2004), a law professor who asserts that Unitrin (and perhaps other 1995 cases) strengthened takeover defenses.”
Managerial risk-taking behavior and equity-based compensation (2009, unknown): “A series of takeover contests during this period legitimized the use of the poison pill in conjunction with a staggered board, giving Delaware firms with staggered boards an extremely potent takeover defense and making them virtually immune to hostile takeovers (Subramanian, 2004; Bebchuk and Cohen,”
Do Shareholder Rights Affect the Cost of Bank Loans (2009, background): “Subramanian (2002) finds that during the 1997-2001 period, Delaware firms were 16% more likely to receive a takeover bid than firms incorporated in other states.”
Own company stock in defined contribution pension plans: A takeover defense? ☆ (2006, methodology): “This paper tests several changes in the rules governing the market for corporate control, including the mid-1990s validation of the poison pill in Delaware case law discussed by Subramanian (2004) , the late-1980s business combination statutes emphasized in Bertrand and Mullainathan (2003), and oth”
The Effect of State Antitakeover Laws on the Firm's Bondholders (2010, unknown): “In Columns (4) and (5) we segment the data into bonds issued during 1990 to 1996 and 1997 to 2000 to examine whether the state antitakeover laws effect has disappeared after 1996, as argued by Subramanian (2004) for Delaware.”
Stakeholder welfare and firm value (2010, background): “Daines (2001) finds that firms incorporated in Delaware have higher market value than firms incorporated elsewhere for the period from 1981 to 1996, whereas Subramanian (2004) documents that such positive association exists only for small firms in the 1990s.”
The Costs of Entrenched Boards (2005, unknown): “As explained earlier, and as discussed in detail by Subramanian (2004), the legal rules that made effective staggered boards so powerful were firmly in place by 1995.”