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The Rise of Dual-Class Stock IPOs

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NBER2021-03-01 更新2025-01-04 收录
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We create a novel dataset to examine the nature and determinants of dual-class IPOs. We document that dual-class firms have different types of controlling shareholders and wedges between voting and economic rights. We find that the founders' wedge is largest when founders have stronger bargaining

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2021-03-01
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