caa a22 4500 388047763 CHVBK 20180307125042.0 cr unu---uuuuu 161130e199806 xx s 000 0 eng 10.2307/2331311 doi S0022109000000958 pii (NATIONALLICENCE)cambridge-10.2307/2331311 Extraordinary Antitakeover Provisions and Insider Ownership Structure: The Case of Converting Savings and Loans [Elektronische Daten] Insider ownership and antitakeover provisions both affect a firm's vulnerability to takeover, its value, and its managers' incentives and utility. We examine the simultaneous determination of insider ownership and takeover protection using data from mutual savings and loan associations converting to stock form. At low levels of insider ownership, we find that ownership is negatively related to the number of extraordinary antitakeover provisions; at higher levels, ownership is not related to the number of antitakeover provisions. These results are consistent with insider entrenchment. Copyright © School of Business Administration, University of Washington 1998 Boyle Glenn W. University of Otago, Department of Finance and Quantitative Analysis, Dunedin, New Zealand Carter Richard B. Iowa State University, College of Business Administration, Department of Finance, 386 Carver Hall, Ames, IA 50011-2063. Stover Roger D. Iowa State University, College of Business Administration, Department of Finance, 386 Carver Hall, Ames, IA 50011-2063. Journal of Financial and Quantitative Analysis Cambridge University Press 33/2(1998-06), 291-304 0022-1090 33:2<291 1998 33 JFQ https://doi.org/10.2307/2331311 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.2307/2331311 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Boyle Glenn W. University of Otago, Department of Finance and Quantitative Analysis, Dunedin, New Zealand NATIONALLICENCE 700 1- Carter Richard B. Iowa State University, College of Business Administration, Department of Finance, 386 Carver Hall, Ames, IA 50011-2063 NATIONALLICENCE 700 1- Stover Roger D. Iowa State University, College of Business Administration, Department of Finance, 386 Carver Hall, Ames, IA 50011-2063 NATIONALLICENCE 773 0- Journal of Financial and Quantitative Analysis Cambridge University Press 33/2(1998-06), 291-304 0022-1090 33:2<291 1998 33 JFQ CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge