Share class structure and the efficiency of corporate takeover : experimental evidence

• Main Authors: Lee, Pei Xuan, Siow, Zu Er, S, Roshini
• Other Authors: Bao Te
• Format: Final Year Project
• Language: English
• Published: Nanyang Technological University 2020
• Subjects: Social sciences::Economic theory
• Online Access: https://hdl.handle.net/10356/137439
• Institution: Nanyang Technological University

This research paper empirically tests the theoretical models predicted by Grossman and Hart (1988) through an experimental approach. They examined the efficiency of one-share-one-vote share structure and dual class share structure on efficient takeover. They concluded that one-share-one-vote share s...