We examine U.S. dual and single class firms in 1980-2019 and document their valuation differences over their corporate life cycle. At the IPO, dual class...
The increasing use of dual class voting structures in public companies, and the frequency with which such structures contain sunset provisions, raises...
Founder-CEOs may hold power in a corporation in myriad ways: through managerial control, designating seats on the board, or holding significant voting...
In the U.K., between 1955 and 1970, dual class shares quickly lost popularity without any regulatory intervention. The decline in the use of dual class...