Security design, which broadly speaking deals with the issue of designing optimal
contractual mechanisms for overcoming various frictions between agents, is the subject of …

Dual class shares and multiple voting rights have increasingly developed despite formal
reference to the “one share–one vote” principle. This contradictory situation is analyzed …

Dual-class shares have become one of the most controversial issues in today's capital
markets and corporate governance debates. In the past years, academics, regulators …

This study examines the impact of staggered boards, poison pills and unequal voting rights
on corporate innovation intensity using a sample of listed firms in six Asian countries from …

There are two major differences between loyalty shares and dual-class shares: one, there is
only one class of shares and all patient shareholders can obtain a second voting right, and …

The purpose of this paper is to investigate whether firm ownership characteristics can
explain demand for Enterprise Risk Management (ERM) implementation. Specifically, we …

Multilatinas, ie, multinational firms originating in Latin America, are increasingly playing a
dominant role in global business. In the last three decades, many evolved from exporters to …

14 AIB insights son, 2003) in order to minimize conflicts of interest, allocate resources
efficiently, and enhance transparency and accountability. Again, corporate governance in …

I examine whether debt (or, more generally, a performance threshold) can reduce agency
problems between controlling shareholders and minority shareholders in dual-class firms …

Les classes d'actions multiples et actions à droits de vote double sont un mode de
structuration de l'actionnariat qui connait un développement récent, cela malgré l'affichage …