The impact of dual-class creation on shareholder wealth
This study compares the announcement effects of dual class recapitalization across insider holdings. We find positive announcement effects for the lowest insider holding firms and negative announcement effects for the firms whose insider holdings is near 50%. The evidence supports the hypothesis tha...
| Những tác giả chính: | , |
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| Định dạng: | Journal article |
| Được phát hành: |
1993
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| _version_ | 1826288579575283712 |
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| author | Noe, T Jeong, J |
| author_facet | Noe, T Jeong, J |
| author_sort | Noe, T |
| collection | OXFORD |
| description | This study compares the announcement effects of dual class recapitalization across insider holdings. We find positive announcement effects for the lowest insider holding firms and negative announcement effects for the firms whose insider holdings is near 50%. The evidence supports the hypothesis that there is an optimal level of insider holdings in the firm. |
| first_indexed | 2024-03-07T02:15:50Z |
| format | Journal article |
| id | oxford-uuid:a23392d0-872d-45dd-9efb-a4ac7d407b51 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T02:15:50Z |
| publishDate | 1993 |
| record_format | dspace |
| spelling | oxford-uuid:a23392d0-872d-45dd-9efb-a4ac7d407b512022-03-27T02:18:34ZThe impact of dual-class creation on shareholder wealthJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:a23392d0-872d-45dd-9efb-a4ac7d407b51Saïd Business School - Eureka1993Noe, TJeong, JThis study compares the announcement effects of dual class recapitalization across insider holdings. We find positive announcement effects for the lowest insider holding firms and negative announcement effects for the firms whose insider holdings is near 50%. The evidence supports the hypothesis that there is an optimal level of insider holdings in the firm. |
| spellingShingle | Noe, T Jeong, J The impact of dual-class creation on shareholder wealth |
| title | The impact of dual-class creation on shareholder wealth |
| title_full | The impact of dual-class creation on shareholder wealth |
| title_fullStr | The impact of dual-class creation on shareholder wealth |
| title_full_unstemmed | The impact of dual-class creation on shareholder wealth |
| title_short | The impact of dual-class creation on shareholder wealth |
| title_sort | impact of dual class creation on shareholder wealth |
| work_keys_str_mv | AT noet theimpactofdualclasscreationonshareholderwealth AT jeongj theimpactofdualclasscreationonshareholderwealth AT noet impactofdualclasscreationonshareholderwealth AT jeongj impactofdualclasscreationonshareholderwealth |