Agency Problems at Dual-Class Companies

Agency Problems at Dual-Class Companies

Ronald Masulis, Cong Wang, Fei Xie

Series number :

Serial Number: 
209/2008

Date posted :

June 01 2008

Last revised :

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Keywords

  • Dual Class Shares • 
  • dual class stock • 
  • agency costs • 
  • conflicts of interest • 
  • voting rights and cash flow rights divergence • 
  • acquisitions • 
  • announcement effects • 
  • empire building • 
  • executive compensation • 
  • CEO compensation • 
  • value of cash holdings • 
  • capital expenditures

Authors

Research Member
School of Banking and Finance, Australian School of Business
Real name: 
Cong Wang
Real name: 
Fei Xie