Corporate Ownership Structures: Private versus Social Optimality
收藏NBER1996-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5584
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资源简介：
This paper analyzes the inefficiencies that might arise in the ownership structure chosen at the initial public offering stage. We show that, contrary to what is commonly believed, the desire of initial owners to maximize their proceeds leads them to choices that, although privately optimal, may be
提供机构：
美国国家经济研究局
创建时间：
1996-05-01
