Share class structure and the efficiency of corporate takeover : an experiment

• Main Authors: Tan, Alicia Yan Xiu, Chan, Sharmain, Laksmi Cahyady
• Other Authors: Bao Te
• Format: Final Year Project
• Language: English
• Published: 2019
• Subjects: DRNTU::Social sciences::Economic theory::Microeconomics
• Online Access: http://hdl.handle.net/10356/76668
• Institution: Nanyang Technological University

This research paper tests the theoretical conclusions of Grossman and Hart (1988) through a laboratory experimental approach. Six treatment variations were designed to study the efficiency of management under three dimensions: share structures (one-share-one-vote and dual-class share structure), the...