Agency problems at dual-class companies. The Journal of Finance 64, 1697-1727.Masulis, R. W., Wang, C., & Xie, F. (2009). Agency problems at dual-class compa- nies. The Journal of Finance, 64(4), 1697-1727.Masulis, R., C. Wang, F. Xie, 2009, Agency Problems at Dual-...
Agency Problems at Dual-Class Companies RW Masulis,C Wang,F Xie 被引量: 0发表: 2008年 Agency Problems at Dual-Class Companies Using a sample of U.S. dual-class companies, we examine how divergence between insider voting and cash flow rights affects managerial extraction of private... F ...
Previous literature has noted that the incentives to expropriate minority shareholders are often exacerbated by the fact that the capital invested by the controlling shareholders is relatively lower than the voting control they achieve through the use of dual class shares (i.e., shares with ...
Because we, as voters, have given it to them. They areour agentsin Washington. This means that they have a fiduciary duty to represent our best interests, the reason we elected them into office. The difficult thing is, however, is that they have a dual allegiance: to their constituents a...
andBusinessatHarvardLawSchoolandtheHarvardLawSchoolFacultyResearchFund.GeorgeTriantisreceivedsupportfromtheNicholasE.ChimiclesResearchChairattheUniversityofVirginiaLawSchool.JELClassification:G30StockPyramids,Cross-Ownership,andDualClassEquity:TheCreationandAgencyCostsofSeparatingControlFromCashFlowRightsLucianBebchuk*Harvard...
Ongoing Testing: Integrate ongoing testing practices within your CI/CD workflows using tools such as Jenkins, Travis CI, and GitLab Ci/CD. This practice helps identify problems early, maintaining code quality high. Integrate CI/CD Practices: ...
A housekeeper is a person who is hired to provide professional domestic services such as cleaning, laundry, and sometimes cooking and errands. Usually only wealthy households employ full-time domestic workers such as housekeepers, though many dual-income upper and middle class families hire the serv...
For Hollis, marketing is more than just a profession-it’s a way to solve problems, tell stories, and bring people together. Whether they’re crafting a campaign, mentoring a teammate, or discovering a new passion, Hollis approaches life and work with curiosity, care, and a drive to make...
Furthermore, similar to the subgroups analysis of Table6, other criteria are applied to sort firms by different sensitivities to financial constraints and agency problems. In accordance with Hadlock (1998), for firms sensitive to the agency costs of free cash flow, a high ownership dummy (high ...
Agency Problems at Dual-Class Companies. The Journal of Finance 64, 1697-1727.Agency Problems at Dual-Class Companies. RONALD W. MASULIS,CONG WANG,FEI XIE. The Journal of Finance . 2009Masulis, R., Wang, C., Xie, F., 2009. Agency problems at dual-class companies. J. Financ. 64, ...