Corpus ID: 16914941

Dual-Stock Structure , Analyst Following , and Corporate Governance

@inproceedings{Jo2010DualStockS,
  title={Dual-Stock Structure , Analyst Following , and Corporate Governance},
  author={H. Jo and Y. Kim},
  year={2010}
}
  • H. Jo, Y. Kim
  • Published 2010
  • We examine the effects of internal and external corporate governance and monitoring mechanisms on the dual-class status and the firm value of dual-class firms. Employing 736 dual-class firms and 7,027 single-class firms during the period 1996-2002, we find that dual-class firms tend to be larger, and have higher director ownership, higher institutional ownership, lower blockholdings, and a smaller fraction of independent directors on their boards than single-class firms. In addition, we observe… CONTINUE READING

    Figures and Tables from this paper

    References

    SHOWING 1-10 OF 72 REFERENCES
    Extreme Governance: An Analysis of Dual-Class Firms in the United States
    • 465
    • PDF
    Corporate Governance, Analyst Following, and Firm Behavior
    • 31
    • Highly Influential
    • PDF
    How Do Family Ownership, Control, and Management Affect Firm Value?
    • 3,083
    • Highly Influential
    • PDF
    Agency Problems at Dual-Class Companies
    • 361
    • Highly Influential
    • PDF
    Governance Mechanisms and Equity Prices
    • 1,235
    The Determinants of Corporate Board Size and Composition: An Empirical Analysis
    • 1,330
    • PDF
    What Matters in Corporate Governance?
    • 1,808
    • Highly Influential
    • PDF
    Determinants of Board Size and Composition: A Theory of Corporate Boards
    • 1,065
    • PDF