Series:
Law
Do Founders Control Start-Up Firms that Go Public?
Do Founders Control Start-Up Firms that Go Public?
Series number :
Serial Number:
405/2018
Do Founders Control Start-Up Firms that Go Public?
Prof.
Real name:
Brian Broughman
Indiana University Maurer School of Law
Related Working Paper
Featured Working Papers
Corporate Control and the Limits of Judicial Review
Companies with a dual-class structure have increasingly been involved in high-profile battles over the reallocation of control rights. Google, for instance, sought to entrench its founders’ control over the corporation by recapitalizing from a...Read more
Irrelevance of Governance Structure
We developed a model under which the allocation of control rights between shareholders and managers (“governance structure”) is irrelevant to firm value. In our model, governance structures affect managers’ incentive to invest, as strong...Read more
Rumours of the Death of the American Public Company are Greatly Exaggerated
The public company has historically been a crucial element of the American economy. Various predictions have been made recently that the public company’s future is bleak. This essay maintains these gloomy conjectures are erroneous. Companies...Read more
The Modern Corporation and Private Property Revisited: Gardiner Means and the Administered Price
This essay views The Modern Corporation and Private Property from the perspective of its junior coauthor, Gardiner Means. Means generated the book’s statistical showings of deepening corporate concentration and widening separation of ownership...Read more