Theory, evidence and policy on dual-class shares: A country-specific response to a global debate

• المؤلف الرئيسي: Aurelio GURREA-MARTINEZ
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2019
• الموضوعات: dual-class shares; corporate governance; investor protection; outside investors; moral hazard; entrenchment; private benefits of control; tunneling; IPOs; innovation; tech companies; capital markets; securities regulators; insiders; voting rights; access to finance; economic growth; Banking and Finance Law; Business Organizations Law
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/sol_research/3706; https://ink.library.smu.edu.sg/context/sol_research/article/5664/viewcontent/SSRN_id3397880.pdf

Dual-class shares have become one of the most controversial issues in today´s capital markets and corporate governance debates around the world. Namely, it is not clear whether companies should be allowed to go public with dual-class shares and, if so, which restrictions (if any) should be imposed....