One share-one vote: The empirical evidence

Adams, Renee and Ferreira, Daniel (2008) One share-one vote: The empirical evidence. Review of Finance, 12 1: 51-91. doi:10.1093/rof/rfn003

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Author Adams, Renee
Ferreira, Daniel
Title One share-one vote: The empirical evidence
Journal name Review of Finance   Check publisher's open access policy
ISSN 1572-3097
1573-692X
Publication date 2008-01-01
Year available 2008
Sub-type Article (original research)
DOI 10.1093/rof/rfn003
Open Access Status
Volume 12
Issue 1
Start page 51
End page 91
Total pages 41
Editor Josef Zechner
Marco Pagano
Place of publication Oxford, United Kingdom
Publisher Oxford University Press
Language eng
Subject C1
140207 Financial Economics
910206 Market-Based Mechanisms
150201 Finance
Abstract We survey the empirical literature on disproportional ownership, i.e. the use of mechanisms that separate voting rights from cash flow rights in corporations. Our focus is mostly on explicit mechanisms that allow some shareholders to acquire control with less than proportional economic interest in the firm (dual-class equity structures, stock pyramids, cross-ownership, etc.), but we also briefly discuss other mechanisms, such as takeover defenses and fiduciary voting.We provide a broad overview of different areas in this literature and highlight problems of interpretation that may arise because of empirical difficulties. We outline potentially promising areas for future research.
Q-Index Code C1
Q-Index Status Confirmed Code

Document type: Journal Article
Sub-type: Article (original research)
Collections: 2009 Higher Education Research Data Collection
Excellence in Research Australia (ERA) - Collection
UQ Business School Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 55 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 62 times in Scopus Article | Citations
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Created: Thu, 16 Apr 2009, 01:28:56 EST by Karen Morgan on behalf of UQ Business School