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Private Benefits of Control, Ownership, and the Cross-Listing Decision

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NBER2005-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11162
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This paper investigates how a foreign firm's decision to cross-list its shares in the U.S. is related to the concentration of the ownership of its cash flow rights and of its control rights. Theory has proposed that when private benefits are high, controlling shareholders are less likely to choose
提供机构:
美国国家经济研究局
创建时间:
2005-03-01
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