Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)

Dual-class firms: a comprehensive literature review

Authors
Abdullah, Jia'nan Zhou
Corresponding Author
Abdullah
Available Online October 2017.
DOI
https://doi.org/10.2991/febm-17.2017.18How to use a DOI?
Keywords
dual-class firms; determinants of dual-class firms; underpricing; performance; corporate governance
Abstract
Going public with Dual-class structure is a controversial way of accessing capital market as it deviates from one share one vote regime therefore; it is greatly criticized by investors and academicians. It is believed that insiders choose this structure to expropriate minority shareholder's wealth and to extract private benefits. These firms issue multiple classes of shares with different voting rights whereas cash flow rights are identical. This paper gives detail insight to studies carried out on Dual-class firms in the dimensions of determinants, pricing, performance and level of corporate governance. We highlighted gaps and proposed several directions for future research in these dimension.
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Proceedings
Second International Conference On Economic and Business Management (FEBM 2017)
Part of series
Advances in Economics, Business and Management Research
Publication Date
October 2017
ISBN
978-94-6252-423-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/febm-17.2017.18How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Abdullah
AU  - Jia'nan Zhou
PY  - 2017/10
DA  - 2017/10
TI  - Dual-class firms: a comprehensive literature review
BT  - Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.18
DO  - https://doi.org/10.2991/febm-17.2017.18
ID  - Abdullah2017/10
ER  -