A survey of recent evidence on boards of directors and CEO incentives

RW Masulis - Asia‐Pacific Journal of Financial Studies, 2020 - Wiley Online Library
This article surveys the recent literature on boards of directors and the interplay between
director incentives and CEO incentives. The primary focus is on how the incentives and …

[HTML][HTML] Multiple class shares and double voting rights: Literature review and research prospects

HL Bruslerie - Finance Contrôle Stratégie, 2023 - journals.openedition.org
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 …

Corporate cash and the Firm's life-cycle: Evidence from dual-class firms

JJ Lin, WZ Shi, LF Tsai, MT Yu - International Review of Economics & …, 2022 - Elsevier
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 …

Common institutional ownership and the cost of debt in Taiwan

WZ Shi, MC Hsiao, TY Huang, MT Yu - Pacific-Basin Finance Journal, 2024 - Elsevier
We examine the impact of common institutional ownership (CIO) of firms in the same
industry on their cost of bank loans using data on Taiwan-listed firms from 1996 to 2021. The …

Dual-class share structure on the dividend payout policy: Evidence from China Concepts Stocks

H Beladi, M Hu, S Li, JJ Yang - International Review of Financial Analysis, 2022 - Elsevier
This study investigates the impact of the dual-class share structure on the dividend pay-out
policy for China Concepts Stocks listed on the US stock exchanges. Using a unique and …

Control risk premium: Dual‐class shares, family ownership, and minority investor returns

R Anderson, E Ottolenghi, D Reeb… - Financial …, 2024 - Wiley Online Library
Despite exhibiting significant valuation discounts, dual‐class shares surged from 1% of
initial public offerings in 1980 to nearly half in recent years. This study investigates the …

Dual-class share structures and financial outcomes in high-tech firms: evidence from US-listed China concept stocks

Z Yin, L Shi, Y Wu, J Xia - Journal of Chinese Economic and …, 2024 - Taylor & Francis
This study investigates the effect of dual-class share structures on high-tech firms' financial
outcomes. Using a unique and hand-collected high-tech sample of China concept stocks …

The accounting and trading information channels of excess control rights on IPO long-term return in China

W Zhang, X Xiong, G Wang, J Li - Review of Quantitative Finance and …, 2022 - Springer
This paper investigates how excess control rights of the ultimate owners in pyramids
influence corporate value. Analyzing a hand-collected cross-section of 1420 initial public …

Dual-Class Share Structure and Dynamics of Borrowing Costs

CF Lee, X Li, MT Yu, Y Zhao - Available at SSRN 4152537, 2022 - papers.ssrn.com
Abstract [enter Abstract Body] This study investigates how the borrowing costs of dual-and
single-class firms evolve as firms age. Conducting an empirical analysis of US listed firms …

[HTML][HTML] Les classes d'actions multiples et actions à droits de vote double: Etat de la littérature et renouveau de la problématique

HL Bruslerie - Finance Contrôle Stratégie, 2023 - journals.openedition.org
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 …