Ehrhardt, Olaf; Kuklinski, Jan; Nowak, Eric - Institut für Schweizerisches Bankwesen <Zürich> - 2005
This paper examines the unification of non-voting preference shares into a one share one vote structure using a sample of all German dual-class companies from 1987 until 2003. We test several hypotheses with regard to the reasons for the abolition of preference shares.First, as the separation of...
