Resources:
A. Betzer, I. van den Bongard & M. Goergen, ‘Index Membership vs. Loss of Voting Power: The Unification of Dual-Class Shares’ (2017)
A.M. Pacces, ‘Procedural and Substantive Review of Related Party Transactions (RPTs): The Case for Non-Controlling Shareholder Dependent (NCS-Dependent) Directors’ (2018)
A.W. Winden, ‘Sunrise, Sunset: An Empirical and Theoretical Assessment of Dual-Class Stock Structures’ (2017)
B.D. Jordan, M.H. Liu & Q. Wu, ‘Corporate Payout Policy in Dual-Class Firms’, 26 Journal of Corporate Finance 1 (2014).
C.A. Hill & A.M. Pacces, 'The Neglected Role of Justification under Uncertainty in Corporate Governance and Finance'
D. Lund, ‘Nonvoting Shares and Efficient Corporate Governance’ (2017)
D. Lund, ‘The Case Against Passive Shareholder Voting’ (2017)
D.J. Berger, S. Davidoff Solomon & A.J. Benjamin, ‘Tenure Voting and the U.S. Public Company’, 72 The Business Lawyer 295 (2017)
E.B. Rock, ‘MOM Approval in a World of Active Shareholders’ (2018)
H. Kim & R. Michaely, 'Sticking around Too Long? Dynamics of the Benefits of Dual-Class Voting'
I. Dittmann & N. Ulbricht, ‘Timing and Wealth Effects of German Dual Class Stock Unifications’, 14 European Financial Management 163 (2008).
J. Delvoie & C. Clottens, ‘Accountability and Short-Termism: Some Notes on Loyalty Shares’, 9 Law and Financial Markets Review 19 (2015)
J. Fisch & S. Davidoff Solomon, ‘The Problem of Sunsets’, 99 Boston University Law Review 1057 (2019)
K. Geens & C. Clottens, ‘One Share-One Vote: Fairness, Efficiency and (the Case for) EU Harmonisation Revisited’ (2010)
L.A. Bebchuk & K. Kastiel, ‘The Perils of Small-Minority Controllers’, 107 Georgetown Law Journal 1453 (2019),
L.A. Bebchuk & K. Kastiel, ‘The Untenable Case for Perpetual Dual-Class Stock’, 103 Virginia Law Review 585 (2017).
L.L. Dallas & J.M. Barry, ‘Long-Term Shareholders and Time-Phased Voting’, 40 Delaware Journal of Corporate Law 541 (2015)
M. Bigelli, V. Mehrotra & P. Raghavendra Rau, ‘Why are Shareholders not Paid to Give up Their Voting Privileges? Unique Evidence From Italy’, 17 Journal of Corporate Finance 1619 (2011).
M. Burkart & S. Lee, ‘One Share-One Vote: The Theory’, 12 Review of Finance 1 (2008).
M. Cremers, B. Lauterbach & A. Pajuste, ‘The Life-Cycle of Dual Class Firms’ (2017)
M. Ventoruzzo, ‘The Disappearing Taboo of Multiple Voting Shares: Regulatory Responses to the Migration of Chrysler-Fiat’
O. Arugaslan, D.O. Cook & R. Kieschnick, ‘On the Decision to go Public With Dual Class Stock’, 16 Journal of Corporate Finance 170 (2010).
P.A. Gompers, J. Ishii & A. Metrick, ‘Extreme Governance: An Analysis of Dual-Class Firms in the United States’, 23 The Review of Financial Studies 1051 (2010)
R. Adams & D. Ferreira, ‘One Share-One Vote: The Empirical Evidence’, 12 Review of Finance 51 (2008).
R.J. Gilson & A. Schwartz, ‘Constraints on Private Benefits of Control: Ex Ante Control Mechanisms versus Ex Post Transaction Review’, 169 Journal of Institutional and Theoretical Economics 160 (2013),
R.J. Gilson & J.N. Gordon, ‘Controlling Controlling Shareholders’, 152 University of Pennsylvania Law Review 785 (2003),
R.W. Masulis, C. Wang & F. Xie, ‘Agency Problems at Dual-Class Companies’, 64 Journal of Finance 1697 (2009).
S. Hauser & B. Lauterbach, ‘The Value of Voting Rights to Majority Shareholders: Evidence from Dual-Class Stock Unifications’, 17 The Review of Financial Studies 1167 (2004).
S.B. Smart & C.J. Zutter, ‘Dual Class IPOs are Underpriced Less Severely’, 43 The Financial Review 85 (2008),
T.J. Chemmanur & X. Tian, ‘Do Anti-Takeover Provisions Spur Corporate Innovation? A Regression Discontinuity Analysis’ (2017),
V. Dimitrov & P.C. Jain, ‘Recapitalization of One Class of Common Stock into Dual-Class: Growth and Long-Run Stock Returns’, 12 Journal of Corporate Finance 342 (2006)
W.C. Johnson, J.M. Karpoff & S. Yi, ‘The Lifecycle Effects of Firm Takeover Defenses’ (2017)
Z. Goshen & A. Hamdani, ‘Corporate Control and Idiosyncratic Vision’, 125 Yale Law Journal 560 (2016)
Z. Goshen & R. Squire, ‘Principal Costs: A New Theory for Corporate Law and Governance’, 117 Columbia Law Review 767 (2017).
Baran, L., Forst, A. Via, M.T., 2018. Dual class share structure and innovation (September 4, 2018). Available at SSRN: https://ssrn.com/abstract=3183517
Bennedsen, M., Nielsen, K., 2010. Incentive and entrenchment effects in European ownership. Journal of Banking and Finance 34, 2212-2229.
CFA Institute, 2018. Dual-Class Shares: The Good, the Bad, and the Ugly. Available at: https://www.cfainstitute.org/-/media/documents/survey/apac-dual-class-shares-survey-report.ashx
Howell, J.W., 2017. The survival of the U.S. dual class share structure. Journal of Corporate Finance 44, 440-450.
Jordan, B., Kim, S., Liu, M., 2016. Growth opportunities, short term market pressure, and dual-class share structure. Journal of Corporate Finance 41, 304-328.
Lauterbach, B., Pajuste, A., 2015. The long-term valuation effects of voluntary dual class share unifications. Journal of Corporate Finance 31, 171-185.
Maury, B., Pajuste, A., 2011. Private benefits of control and dual-class share unifications. Managerial and Decision Economics 32, 355-369.
Ritter, J., 2018. A list of IPOs from 1980-2017 with multiple share classes outstanding. Available on https://site.warrington.ufl.edu/ritter/ipo-data/
Smart, S., Thirumalai, R., Zutter, C., 2008. What's in a vote? The short- and long-run impact of dual-class equity on IPO firm values. Journal of Accounting and Economics 45, 94-115.
Smart, S., Zutter, C., 2003. Control as a motivation for underpricing: A comparison of dual and single-class IPOs. Journal of Financial Economics 69, 85-110.
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Contact:
Prof. Anete Pajuste
anete.pajuste@sseriga.edu
Titiaan Keijzer (Co-ordinator)
keijzer@law.eur.nl