Data representing 264 Fortune 500 firms were studied from the 1980's time frame. Results show that block purchases are more likely to take place in firms with poor accounting performance and that defensive measures are ineffective in deterring block purchases.
stock shares, poor firm performance, under-performing firms
The files in this collection are protected by copyright law. No commercial reproduction or distribution of these files is permitted without the written permission of Southern Methodist University, Cox Business School. These files may be freely used for educational purposes, provided they are not altered in any way, and Southern Methodist University is cited. For more information, contact email@example.com.
Bethel, Jennifer E.; Liebeskind, Julia Porter; and Opler, Tim, "The Antecedents of Block Share Purchases" (1994). Working Papers. 166.