The use of “shark repellents” to prevent corporate takeovers: An ethical perspective
Journal of Business Ethics · 1993 · Volume 12 · Issue 2
Abstract
Certain types of corporate charter antitakeover amendments, or “shark repellents,” may not serve the interests of the stockholders or the stakeholders of the firm. This paper extends the examination of the use of shark repellents by taking an ethical perspective to synthesize prior research on shark repellents and their relationship to stockholder and stakeholder welfare. Some shark repellents seem to benefit certain interest groups at the expense of other groups.
Keywords
Economic Growth, Expense, Interest Group, Ethical Perspective, Corporate Takeover
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