search query: @author Partch, M. M. / total: 6
reference: 5 / 6
| Author: | Partch, M. M. |
| Title: | The creation of a class of limited voting common stock and shareholder wealth. |
| Journal: | Journal of Financial Economics
1987 : JUN, VOL. 18:2, p. 313-339 |
| Index terms: | SHARE OWNERSHIP VOTING |
| Language: | eng |
| Abstract: | Common stock with limited voting rights changes managerial incentives by allowing managers to separate ownership of equity from ownership of votes. Managerial ownership before and after creation of class of limited voting common stock by 44 publicly traded firms between 1962 and 1984 are compared and it is examined whether the event affects the wealth of current shareholders. There is no evidence that current shareholders are harmed by the creation of limited voting common stock. |
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