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Corporate Governance and Equity Prices
Corporate-governance provisions related to takeover defenses and shareholder rights vary substantially across firms. In this paper, we use the incidence of 24 different provisions to build aExpand
Extreme Governance: An Analysis of Dual-Class Firms in the United States
We construct a comprehensive list of dual-class firms in the United States and use this list to analyze the relationship between insider ownership and firm value. Our data have two useful features.Expand
Acquirer-Target Social Ties and Merger Outcomes
This article investigates the effect of social ties between acquirers and targets on merger performance. We find that the extent of cross-firm social connection between directors and seniorExpand
Compatibility , Competition , and Investment in Network Industries : ATM Networks in the Banking Industry
Pricing in network industries that discriminates between affiliated and unaffiliated consumers is a form of partial incompatibility. This paper measures the magnitude of the effects thisExpand
Extreme Governance: An Analysis of Dual-Class Companies in the United States
We construct and analyze a comprehensive list of dual-class firms in the United States and use this list to investigate the relationship between insider ownership and firm value. Our data has twoExpand
Location and competition in retail banking
We investigate the impact of banking deregulation during the 1990s on consumer welfare. We estimate a spatial model of consumer demand for retail bank deposits that explicitly accounts for consumerExpand
Incentives vs. Control: An Analysis of U.S. Dual-Class Companies
Dual-class common stock allows for the separation of voting rights and cash flow rights across the different classes of equity. We construct a large sample of dual-class firms in the United StatesExpand
Interconnection Pricing and Compatibility in Network Industries: ATM Networks in the Banking Industry
Interconnection pricing in network industries that discriminates between affiliated and unaffiliated consumers is a form of partial incompatibility. This paper measures the magnitude of the effectsExpand
The Rodney L . White Center for Financial Research Corporate Governance and Equity Prices
Corporate-governance provisions related to takeover defenses and shareholder rights vary substantially across firms. In this paper, we use the incidence of 24 different provisions to build aExpand
Corporate Governance and Equity Prices
Shareholder rights vary across firms. Using the incidence of 24 unique governance rules, we construct a "Governance Index" to proxy for the level of shareholder rights at about 1500 large firmsExpand
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