de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2009
analyze the consequence of such a rule, we need to account for the information asymmetry that exists between new controlling …’s ownership, the first one controlling the firm, the other agreeing to stand as minor investors. Using a signaling model, we show … that the new controlling shareholder issues signals to outside shareholders to deliver private information on the firm …