𝔖 Bobbio Scriptorium
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Private Benefits of Control, Growth Opportunities and Investor Protection

✍ Scribed by Xiao, Min; You, Jiaxing


Book ID
123405373
Publisher
Elsevier
Year
2009
Tongue
English
Weight
121 KB
Volume
2
Category
Article
ISSN
1755-3091

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This paper examines the decision to unify dual-class shares into a single class. Using a sample of firms from seven European countries, we find that measures of lower private benefits of control available to the controlling shareholders, such as low separation between control and cash flow rights, t