Albuquerque, Rui; Schroth, Enrique - In: Journal of Financial Economics 96 (2010) 1, pp. 33-55
We study the determinants of private benefits of control in negotiated block transactions. We estimate the block pricing model in Burkart, Gromb and Panunzi (2000) explicitly accounting for both block premiums and block discounts in the data. The evidence suggests that the occurrence of a block...
