About this document
Impact of Dual-Class Shares on Valuation by HAROLD ALEXANDER NAVES GUTIERREZ is a document available to read on EtoBox.
This study examines the impact of dual-class shares on firm valuation using market-wide reactions to regulatory events affecting their adoption. The findings indicate that dual-class shares are positively viewed by investors in research-intensive and well-governed firms, leading to increased valuations and innovation. In contrast, banning dual-class shares results in lower research output, firm value, and profitability over the long term.
- Author
- HAROLD ALEXANDER NAVES GUTIERREZ
- Language
- EN