Dual-class stocks and the benefits of control

作者：Yi Zhang^*

来源：Applied Economics Letters, 2007, 14(4): 293-297.

DOI：10.1080/13504850500447349

Using the hand-collected data of dual-class listed firms in the USA, I find that industry, age and stock-return volatility affect the likelihood that a firm will issue dual-class shares. I explore the implications of these results for our understanding of ownership and control.

• 出版日期2007-3
• 单位北京大学