Do Antitakeover Provisions Spur Corporate Innovation? A Regression Discontinuity Analysis

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The Linear and Non-Linear Effects of Internal Control and Its Five Components on Corporate Innovation: Evidence from Chinese Firms Using the COSO Framework (2020, background): “Chemmanur and Tian (2018) find a positive, nonlinear causal effect of antitakeover provisions on innovation, which is more pronounced in firms subject to greater information asymmetry and operate in more competitive product markets.”
Top Management Human Capital, Inventor Mobility, and Corporate Innovation (2018, background): “…Sorensen, and Strömberg (2011), Tian and Wang (2014), and Chemmanur, Loutskina, and Tian (2014)), anti-takeover provisions (e.g., Atanassov (2013), Chemmanur and Tian (2018), and Sapra, Subramanian, and Subramanian (2014)), institutional ownership (e.g., Aghion, Van Reenen, and Zingales (2013)),…”