Blocks, Liquidity, and Corporate Control

The paper develops a simple model of optimal corporate ownership structure in which costs and benefits of ownership concentration are analysed.

Year of publication:	1996-08
Authors:	BOLTON, Patrick ; THADDEN, Ernst-Ludwig VON
Institutions:	Départment d'économétrie et d'économie politique (DEEP), Faculté des Hautes Études Commerciales (HEC)
Subject:	ownership structure \| corporate control \| liquidity \| ownership concentration \| block pricing \| free rider problem

Series:	Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP).
Type of publication:	Book / Working Paper
Notes:	Published in The Journal of Finance, vol.53 (1), Feb.1998, pp. 1-25 29 pages
Classification:	G12 - Asset Pricing ; G32 - Financing Policy; Capital and Ownership Structure
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005481735