The value of fiduciary duties: Evidence from en bloc sales in Singapore
This paper examines the impact of fiduciary duties on collective asset sales in the case of owners acting as delegates for other owners, thereby potentially inducing conflicts of interests. Our identification strategy exploits a unique legal shock in Singapore, which established fiduciary duties in...
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Main Authors: | HU, Jianfeng, LOW, Kelvin F. K., ZHANG, Wei |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2022
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7085 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8084/viewcontent/ValueFiduciaryDuties_sv.pdf |
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Institution: | Singapore Management University |
Language: | English |
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