Gompers, Paul A. (contributor); Ishii, Joy L. (contributor); … - 2003
Foundation grant SES #0136791.
Abstract
Dual-class common stock allows for the separation of voting rights and cash flow … analyze the relationships of insider’s cash flow rights and voting
rights with firm value, performance, and investment … behavior. We find that relationship
of firm value to cash flow rights is positive and concave and the relationship to voting …