Dual-class firms: a comprehensive literature review
Abdullah, Jia'nan Zhou
Available Online October 2017.
- https://doi.org/10.2991/febm-17.2017.18How to use a DOI?
- dual-class firms; determinants of dual-class firms; underpricing; performance; corporate governance
- 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.
- 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 SP - 135 EP - 140 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 -