Theory, Evidence, and Policy on Dual-Class Shares: A Country-Specific Response to a Global Debate
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DOI: 10.1007/s40804-021-00212-4
Abstract: Dual-class shares have become one of the most controversial issues in today’s capital markets and corporate governance debates. In the past years, academics, regulators, policymakers and stock exchanges from all over the world have been… read more here.
Keywords: country; dual class; debate; class shares ... See more keywords
Executive Compensation Disclosure and Private Control Benefits: A Comparison of U.S. And Canadian Dual Class Firms
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DOI: 10.1016/j.intaccaudtax.2017.03.001
Abstract: Prior research on the cross-country variation of reporting choices induced by managerial incentives to extract private benefits is limited in its use because the research often used accounting measures that had limited empirical correlations with… read more here.
Keywords: compensation disclosure; compensation; dual class; private control ... See more keywords
Index membership vs. loss of voting power: The unification of dual-class shares
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DOI: 10.1016/j.intfin.2017.03.003
Abstract: A change in the index selection rules of Deutsche Borse provides a unique opportunity to investigate the drivers behind the decision to abolish dual-class shares. As of June 2002, selection is based on the market… read more here.
Keywords: index; class shares; class; index membership ... See more keywords
The survival of the U.S. dual class share structure
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DOI: 10.1016/j.jcorpfin.2014.07.006
Abstract: In his groundbreaking work “Uncertainty, Evolution, and Economic Theory,” Armen Alchian (1950) suggests that survival is the real test of a firm's success. In this paper, I apply the survival test to the use of… read more here.
Keywords: class; survival dual; structure; class share ... See more keywords
Corporate governance and firm value at dual class firms
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DOI: 10.1016/j.rfe.2017.07.001
Abstract: Abstract This study explores whether corporate governance at dual class firms differs from that of their single class counterparts and whether firm value at dual class firms is associated with governance. Employing a sample of… read more here.
Keywords: firm value; class; board; class firms ... See more keywords
The myth of dual class shares: lessons from Asia’s financial centres
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DOI: 10.1080/14735970.2020.1870843
Abstract: ABSTRACT The recent revival of dual class shares in the US and reforms in the leading financial centres in Asia to accommodate listings with such share structures, has brought the spotlight back to them. While… read more here.
Keywords: financial centres; myth dual; dual class; shares lessons ... See more keywords
Prevalence of Mycoplasma genitalium fluoroquinolone-resistance markers, and dual-class-resistance markers, in asymptomatic men who have sex with men.
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DOI: 10.1099/jmm.0.001429
Abstract: Introduction. Failure of fluoroquinolones, the principal treatment option for macrolide-resistant Mycoplasma genitalium infections, has recently emerged. This is of particular concern for men who have sex with men (MSM), who have high proportions of macrolide-resistant… read more here.
Keywords: fluoroquinolone resistance; resistance; class resistance; dual class ... See more keywords
Institutional ownership of dual-class companies
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DOI: 10.1108/jfep-04-2020-0061
Abstract: Purpose This study aims to examine institutional ownership of companies that go public with dual-class share structures. Design/methodology/approach Several recent studies have discussed the potential advantages and disadvantages of the dual-class structure, which allows founders… read more here.
Keywords: dual class; institutional ownership; ownership dual; class companies ... See more keywords