haku: @indexterm COMPANY CONTROL / yhteensä: 160
viite: 135 / 160
| Tekijä: | Lehn, K. Netter, J. Poulsen, A. |
| Otsikko: | Consolidating corporate control: dual class recapitalizations versus leveraged buyouts |
| Lehti: | Journal of Financial Economics
1990 : OCT, VOL. 27:2, p. 557-580 |
| Asiasana: | COMPANY CONTROL |
| Kieli: | eng |
| Tiivistelmä: | Dual-class recapitalizations and leveraged buyouts have similar effects on ownership of corporate voting rights but very different effects on ownership of residual claims. It is predicted that firms with greater growth opportunities, lower agency costs, and lower tax liability are more likely to consolidate control through dual-class recapitalizations. Strong support is found for the growth hypothesis and weaker support for the other hypotheses. The results help better understand the causes of change in organization form by illustrating that the method and effects of consolidating corporate control are systematically related to firm attributes. |
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