Search results

Poison pill adoption is often considered as the most effective tactic to fend off an unsolicited takeover bid. However, it is difficult to identify the deterrent effect because the adoption is naturally endogenous. The purpose of this paper is to use plausibly exogenous instruments to mitigate the endogeneity problem.

The author employs two econometric models: the linear probability model and the bivariate probit model to examine the effect of poison pills on the outcome of a takeover.

Using a sample of 655 unsolicited takeovers, the author finds that poison pills substantially reduce the likelihood that a takeover bid, once undesirably placed, is completed. This negative impact strongly supports the manager entrenchment hypothesis in that managers adopt poison pills to ensure the continuation of their private benefits. However, the author finds no strong evidence consistent with the shareholder interest hypothesis that poison pills enhance the management’s ability to negotiate higher premiums or reject inadequate offers.

The demise of the market for unsolicited takeovers with the disappearance of poison pills can be explained by the fact that poison pills, if adopted, will have an absolute deterrent effect on the takeover likelihood of success, and targets always have the power to adopt them instantly.

There should be policies to limit the power of managers to adopt poison pills because it causes the entrenchment problem which will negatively affect the firm value.

The author tackles the problem of the endogeneity of poison pill adoptions. The author shows that poison pills have a strong negative effect on the takeover outcome and the result can explain the decreasing number of unsolicited takeovers.

Hormonal contraceptives are complicated reproductive technologies – both biologically and socially. Deeply embedded in global political-economic agendas and historically underpinned by eugenic movements, hormonal contraceptives have a social life often beyond their intended or imagined uses. Because so much of the discussion around contraceptives focuses on their complex history and volatile present, there has been minimal space to talk about the future of hormonal contraceptives. In this chapter I show that while the past and present are complex, the future is even more so!

As the threat of climate change becomes more palpable, two key anxieties (re)surface. First, a fear around growing populations in the Global South (while in reality Total Fertility Rate (TFRs) are in decline) and second, that of a hormonal body out of sync in the face of environmental changes. Similar anxieties have historically mobilised draconian ‘family planning’ measures in countries (like India) in the first instance. And in the second instance, hormonal manipulations to find ‘balance’ in the body, as opposed to balancing (or coming to a reckoning with) contemporary environments with/in which the body exists.

This chapter is an attempt to bring to the fore the importance of studying hormonal contraceptives in environmentally unstable times. To imagine a space beyond coercion or ‘choice’ as variously imagined, when it comes to reproductive justice vis-à-vis hormonal contraception. I suggest that, just as contraceptives have allowed us access to conversations about both women's autonomy and reproductive control, they now allow us to unpack the limits and potentials of hormonal management via the hormonal contraceptive pill.

Kids are getting aider younger. We all know that But is it the same for both sexes? And is the process accelerating? And whose fault is it? And from a communication perspective, can the research cope? This article focuses on the effect of accelerated culture on the country's young girls and whether the media is totally to blame.

The purpose of this paper is to examine the risk of unintended pregnancy among women during Cook County Jail intake by assessing basic contraceptive history, the need for emergency contraception (EC) at intake, and contraception at release.

This is a cross-sectional study of women 18–50 years old at Cook County Jail in Chicago, Illinois from June 2011 through August 2012. The authors administered the survey at the time of intake on 33 convenient evenings. Surveys consisted of multiple-choice close-ended questions administered via interview. Topics included contraceptive use, pregnancy risk and pregnancy desire. The authors computed frequencies to describe the distribution of question responses and used logistic regression modeling to identify factors significantly related to the use of contraception at intake and to the acceptance of contraception at release.

Overall, 194 women participated. Excluding women not at risk for pregnancy (4.6 percent currently pregnant, 17.5 percent surgically sterilized/postmenopausal and 4.6 percent using long-acting reversible contraceptives), 73.2 percent of women were at risk for pregnancy (n = 142) and, therefore, had a potential need for contraception. Among these women at risk for unintended pregnancy, 68 (47.9 percent) had unprotected intercourse within five days prior to survey administration. When asked about EC, most women (81.4 percent) would be interested if available. Additionally, 141 (72.7 percent) of women would be interested in contraceptive supplies if provided free at release.

Newly incarcerated women are at high risk for unintended pregnancy. Knowledge about EC and ability to access birth control services are both significantly limited. These conclusions support providing an intake screening in jails to identify women at risk for unintended pregnancy.

Healthcare practitioners, according to legislations in most Western countries, may refuse to perform some medical activities that conflict with their moral and religious values. The Roman Catholic Church has declared in official documents that doctors should not perform or facilitate activities considered immoral such as abortion and euthanasia. The goal of this paper is to suggest new options for regulating conscientious objection of Roman Catholic healthcare practitioners.

SYD and the disabled ‐ Do you remember the International Year of Disabled People? I know we have had Information Technology Year since then and are now in Beautiful Britain Year (which we shall be able to appreciate as soon as the weather lets us), but the good work started during IYDP in 1981 didn't end there. I was reminded of this recently when I received a copy of a remarkable document called the SYD squad report published by Nottinghamshire County Council's Leisure Services. SYD squads (SYD means Survey for the Year of the Disabled) were composed of equal numbers of physically handicapped and able‐bodied young people, engaged under the government backed Youth Training Opportunities Programme, to take a long hard look at everything that affects the lives of disabled people in Nottinghamshire, from personal relationships and access to buildings to leisure, education, employment and welfare. Using questionnaires, disabled ‘guinea‐pigs’ and incognito researchers, the youngsters set out to survey the current ‘state of play’ for the disabled. Their report takes opinion and fact to paint a complete picture of disabled living and prospects for improvement in Nottinghamshire—though its findings are likely to have a much wider impact. Libraries on the whole come out well, though there were difficulties with heavy doors, high counters and use of card catalogues. The height of bookshelves was also mentioned but it was recognised that there was no easy solution to this problem. The report, which is excellently produced and illustrated with photographs and cartoons, is a mine of sensible and practical information that should be of benefit to all whose services are used by the disabled. Copies cost £5.50 from Nottinghamshire County Council, Leisure Services Department, Trent Bridge House, Fox Road, West Bridgford, Nottingham NG2 6BJ.