Wondering if there’s a way to screen for incorporation location. Specifically, I’m wondering if it would be helpful to screen out Nevada corps.
why do you want to screen out Nevada corps?
I think you can only screen at a country, not state, level.
There are several aspects of Nevada and Delaware state law that offer stronger protection to corporations on things like Director privacy, hostile takeovers, liability and whatnot.
I think there’s now a little bit of a stigma out there, along the lines of “why seek out those protections unless you’re up to something?”.
I really can’t imagine that’s true though. Looking for a jurisdiction with corporate-friendly laws just makes sense.
Interestingly there is a possibility to screen for most parameters on p123. One would think it is starightforward to set up a function that can screen for a string within a company name, e.g. a string ‘nevada’ returning all stocks which have this string as part of the company name…
Thank you for the feedback. I’ve heard that Nevada corps are harder for active investors to attack and thought this might make it harder for value to be realized for shareholders.
Was hoping to see if there would be any alpha in screening these out.
Acording to nasdaq.com there are only 37 in Nevada.
http://www.nasdaq.com/screening/companies-by-region.aspx?region=North+America&country=United+States&state=NV
The easiest is probably to copy the list into an excel, create a list of excluded companies and run sims excluding those.
Best of luck!
There are 37 on the NASDAQ Exchange and a total 0f 70 if you include the NYSE & AMEX Exchanges.