Dual class shares and multiple voting rights have increasingly developed despite formal
reference to the “one share–one vote” principle. This contradictory situation is analyzed …

This research explores whether a dual-class ownership structure affects a firm's propensity
to stockpile cash reserves over the life cycle stages. Using a sample of US dual-class firms …

This paper aims to explore the corporate governance determinants of price differences
between voting and non-voting shares. It discusses the impact of corporate governance on …

Hazard stocks are the opposite of lottery stocks. We proxy hazard stocks with the minimum
daily idiosyncratic return over the past month,“IMIN,” and examine the relation between …

This study examines how financial information quality affects the participation and lending
behavior of foreign banks in the loan syndicate of US borrowers. We utilize the …

This paper examines the impact of staggered boards on the value of voting rights (ie, the
voting premium) estimated using option prices. We find companies with staggered boards …

We use board structure changes brought by the Sarbanes-Oxley Act (SOX; 2002) and
subsequent listing standards as a natural experiment to investigate if founding families are …

I examine whether debt (or, more generally, a performance threshold) can reduce agency
problems between controlling shareholders and minority shareholders in dual-class firms …

Les classes d'actions multiples et actions à droits de vote double sont un mode de
structuration de l'actionnariat qui connait un développement récent, cela malgré l'affichage …

We examine the effects of derivative litigation risks on the value of private benefits of control.
Quantifying the value of private benefits of control using the voting premiums from option …