Dual-class firms: a comprehensive literature review
Going public with Dual-class structure is a controversial way of accessing capital market as it deviates from one share one vote regime therefore;it is greatly criticized by investors and academicians.It is believed that insiders choose this structure to expropriate minority shareholders wealth and to extract private benefits.These firms issue multiple classes of shares with different voting rights whereas cash flow rights are identical.This paper gives detail insight to studies carried out on Dual-class firms in the dimensions of determinants,pricing,performance and level of corporate governance.We highlighted gaps and proposed several directions for future research in these dimension.
dual-class firms determinants of dual-class firms underpricing performance corporate governance
Abdullah Jianan Zhou
School of Economics & Management,Southwest Jiaotong University,Chengdu,China
国际会议
上海
英文
135-140
2017-10-21（万方平台首次上网日期，不代表论文的发表时间）