The impact of separating cash flow and votes depends on the ownership structure. In widely held firms, one share - one vote is in general not optimal. While...
This paper analyses takeovers of companies owned by atomistic shareholders and by one minority blockholder, all of whom can only decide to tender or...
Most publicly traded firms around the world have a controlling shareholder. In these firms, a key objective of corporate governance is protecting...Read more
The relationship between dividends and taxes continues to be an open empirical question. While some researchers find that taxes have a first-order...Read more
Øyvind Bøhren
Janis Berzins
Bogdan Stacescu
16 January 2018
Blog
Italian slate voting and semi-dispersed corporate ownership: Lessons from the Generali case