The innovation effect of dual-class shares: New evidence from US firms

• المؤلفون الرئيسيون: CAO, Xiaping, LENG, Tiecheng, GOH, Jeremy C., MALATESTA, Paul
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2020
• الموضوعات: Dual-class; Innovation; Patents; Citations; Corporate governance; Corporate Finance; Technology and Innovation
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/6682; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7681/viewcontent/Innovation_Effect_Dual_Class_2020_av.pdf

The proliferation of dual-class structures in the US stock market presents a controversial trend since such shares are traditionally deemed to damage governance quality. We study the relationship between 362 firms with dual-class shares and their innovativeness using patent citations from Google Pat...