Dual-class firms face great criticism as it is believed that firms choose this structure to expropriate minority shareholders’ wealth. We compare market performance of Chinese dual-class firms with their single-class counterparts by constructing a list of Chinese firms cross-listed on U.S....

This study explores the association between the complex pyramid ownership structure and firm's market performance at Chinese and Pakistani firms, and the effect of efficient judiciary on this relationship. Previous studies report that Pakistani pyramidal firms have complex ownership structure,...