Aided by Delaware law, the state is a corporate haven with over 50% of U.S. publicly traded corporations.
To test whether chief executive overconfidence helps to explain merger and acquisition activity, the professors studied a database of 400 of the largest publicly traded corporations from 1980 to 1994.
For 2010, Spectra Energy was listed in the Newsweek green rankings, with a ranking of 280 out of the 500 largest publicly traded corporations in America.
Section 404 of the Sarbanes-Oxley Act of 2002 required U.S. publicly traded corporations to utilize a control framework in their internal control assessments.
Over 50% of U.S. publicly traded corporations and 60% of the Fortune 500 companies are incorporated in that state.
Hundreds of Long Island companies, including four of its 10 largest publicly traded corporations, are involved in wireless telecommunications.
"The bill makes changes in the state's business combination laws in order to curb abusive takeover tactics aimed at Echlin and other Connecticut publicly traded corporations."
The current issue of Financial World magazine even lists the potential breakup value of the 200 largest publicly traded corporations.
There have been few, if any, attempts by large, publicly traded corporations to recover bonus payments from former executives in Canada or the United States.
Of the 500 largest publicly traded American corporations, 175 have employment agreements with their chief executives, according to the Corporate Library.