An Analysis of Shareholder Agreements 1

  title={An Analysis of Shareholder Agreements 1},
  author={Gilles Chemla and Michel A. Habib and Alexander P. Ljungqvist},
Shareholder agreements govern the relations among shareholders in privately-held companies, such as joint ventures or venture capital-backed firms. We provide an economic explanation for the use of put and call options, pre-emption rights, catch-up clauses, drag-along rights, demand rights, and tag-along rights in shareholder agreements. We view these… CONTINUE READING