Effects of board composition and stock ownership on the adoption of "poison pills."

Article Abstract:

This research examined the relationships between board composition and stock ownership and the passage of "poison pill" takeover defense provisions by U.S. industrial manufacturing firms. Results indicate the existence of several antecedents to the passage of poison pills. The impact of board leadership on poison pill decisions depends on the proportion of independent directors on a board. Similarly, the impact of chief executive tenure on such decisions depends on the tenures of a firm's independent directors. Results also suggest that equity holdings significantly enter into decisions to adopt poison pills. Companies are more likely to pass such provisions the lower the equity holdings of inside directors and the higher the equity holdings of institutional investors. (Reprinted by permission of the publisher.)

Research, Corporate directors, Influence, Corporate anti-takeover measures, Antitakeover strategies

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The nonspread of innovations: The meditating role of professionals

Article Abstract:

Two qualitative studies in the U.K. health care sector trace eight purposefully selected innovations and complex, contested, and nonlinear innovation carriers emerged. It theorized that multi-professionalisation shapes nonspread, social and cognitive boundaries between different professions.

United Kingdom, Research and Development in the Physical, Engineering, and Life Sciences, Research and Testing Services, HEALTH SERVICES, Medical Research, Epilepsy & Muscle Disease R&D, Administration of Public Health Programs, Health Research Programs, Innovations, Health care industry, Medicine, Experimental

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