We test the hypothesis that dual-class shares can help managers focus on the
implementation of long-term projects while avoiding short-term market pressure. Consistent …

Public health supply chains are channels through which health commodities are distributed
among end clients. In developing countries, significant resource constraints hamper the …

By imposing a market like governance and directing entrepreneurs towards professional
management, debt, and especially business debt, can serve as a reliable signal for outside …

We examine whether syndicated loans securitized through collateralized loan obligations
(CLOs) have more standardized financial covenants. We proxy for the standardization of …

Purpose This paper aims to investigate the impact of the largest shareholder's voting stake
on the firm's capital structure decision. Design/methodology/approach To empirically …

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 …

We examine corporate payout policy in dual-class firms. The expropriation hypothesis
predicts that dual-class firms pay out less to shareholders because entrenched managers …

Purpose The purpose of this paper is to critically review the relevant literature from the
perspective of dual-class firms and to provide suggestions for future research on dual-class …

Using a sample of dual‐class firms matched with single‐class firms possessing similar
antitakeover protection, we find a positive association between disproportionate insider …

Using a hand-collected sample of US dual-class firms, we find that corporate debt maturity
increases in insiders' disproportional control rights, which is robust to several robustness …