Incentives vs. Control: An Analysis of U.S. Dual-Class Companies
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Dual-class common stock allows for the separation of voting rights and cash flow rights across the different classes of equity. We construct a large sample of dual-class firms in the United States and analyze the relationships of insider's cash flow rights and voting rights with firm value,
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美国国家经济研究局创建时间：
2004-01-01
