Диссертация (1137923), страница 28
Текст из файла (страница 28)
447–475.20. Amihud Y., 2002. Illiquidity and stock returns: cross-section and time-serieseffects. Journal of Financial Markets, Vol. 5, pp. 31–56.21. Amihud Y., A. Hameed, W. Kang, H. Zhang, 2015. The illiquidity premium:International evidence. Journal of Financial Economics, Vol. 117, pp. 350-36822. Amihud, Y., H. Mendelson, 1986. Asset Pricing and the Bid–Ask Spread.Journal of Financial Economics, Vol. 17, No.
2, pp. 223–249.23. Amoako-Adu, B., B.F. Smith, 2001. Dual class firms: Capitalization,ownership structure and recapitalization back into single class. Journal of Banking &Finance, Vol. 25, Issue 6, pp. 1083-1111.24. Amoako-Adu, B., V. Baulkaran, B.F. Smith, 2013. Dual-Class Discount, andthe Channels of Extraction of Private Benefits. Advances in Financial Economics, Vol.16, pp. 165-216.15525. Amoako-Adu, B., V. Baulkaran, B.F. Smith, 2014. Analysis of dividendpolicy of dual and single class U.S corporations. Journal of Economics and Business,Vol. 72, pp. 1-29.26. Amoako-Adu, V.
Baulkaran, B.F. Smith, 2011. Executive compensation infirms with concentrated control: The impact of dual class structure and familymanagement. Journal of Corporate Finance, Vol. 17, Issue 5, pp. 1580-1594.27. Amundsen, E. S., L. Bergman, 2002. Will cross-ownership re-establishmarket power in the Nordic power market? The Energy Journal, Vol. 23, pp. 73–95.28. Andres, C., A. Betzer, M. Goergen, 2011. Dividend Policy, CorporateControl and Tax Clienteles. The Case of Germany. Working Paper.29. Ang, J. S., Megginson W.L., 1989. Restricted Voting Shares, Ownershipstructure, and The Market Value of Dual-Class Firms. Journal of Financial Research,Vol.
12, Issue 4, pp. 301-318.30. Arellano, M., and S. Bond, 1991. Some tests of specification for panel data:Monte Carlo evidence and an application to employment equations. Review of EconomicStudies, No. 58, pp. 277–297.31. Arellano, M., and O. Bover, 1995. Another look at the instrumental variableestimation of error-components models. Journal of Econometrics, No. 68, pp.
29–51.32. Arugaslan, O., D. O. Cook, R. Kieschnick, 2010. On the decision to go publicwith dual class stock. Journal of Corporate Finance, Vol. 16, pp. 170–181.33. ASX, 2016. Understanding hybrid securities. An Attractive alternative forincome.https://www.asx.com.au/documents/resources/understanding-hybridsecurities.pdf34.
Attari, M., Banerjee, S., 2004. Strategic under-investment, managerialentrenchment and ownership structure of a firm. Working Paper, Tulane University.35. Banerjee, S., 2006. Dual-Class share issues and mitigating the costs ofcorporate democracy. Working Paper, Tulane University.36. Bany-Ariffin, A., F.M. Nor, C.B. McGowan, 2010. Pyramidal structure, firmcapital structure exploitation and ultimate owners' dominance. International Review ofFinancial Analysis, Vol.
19, Issue 3, pp. 151-164.37. Barca, F., M. Becht, 2002. The Control of Corporate Europe. OxfordUniversity Press.38. Barclay, M.J., C.G. Holderness, 1989. Private Benefits from Control ofPublic Corporations. Journal of Financial Economics, Vol. 25, No.
2, pp. 371-395.15639. Bauguess, S.W., M.B. Slovin, M.E. Sushka, 2012. Large shareholderdiversification, corporate risk taking, and the benefits of changing to differential votingrights. Journal of Banking & Finance, Vol. 36, Issue 4, pp. 1244-1253.40. Baulkaran, V., 2014. Management entrenchment and the valuation discountof dual class firms. The Quarterly Review of Economics and Finance, Vol. 54, Issue 1,pp. 70-81.41. Bebchuk, L., K. Kastiel, 2017. The untenable case for perpetual dual-classstock. Virginia Law Review, No. 103, pp. 585-631.42. Bebchuk, L.A., R.
Kraakman, G. Triantis, 2000. Stock Pyramids, CrossOwnership and Dual Class Equity: The Mechanisms and Agency Costs of SeparatingControl From Cash-Flow Rights. Harvard Law School Olin Discussion Paper, No. 249.43. Beck, N., J.N. Katz, 1995. What to do (and not to do) with Time-SeriesCross-Section Data. The American Political Science Review, Vol. 89, No. 3, pp. 634-647.44. Bekaert, G., C. Harvey, C. Lundblad, 2007. Liquidity and expected returns:lessons from emerging markets. Review of Financial Studies, Vol. 20, pp. 1783–1831.45. Bena, J., H. Ortiz-Molina, 2013. Pyramidal ownership and the creation ofnew firms. The Journal of Financial Economics, Vol.
108, No. 3, pp. 798-821.46. Bennedsen, M., Nielsen K., 2010. Incentive and entrenchment effects inEuropean ownership. Journal of Banking & Finance, Vol. 34, No. 9, pp. 2212-2229.47. Bergstrom, C., K. Rydqvist, 1990. The determinants of corporate ownership:An empirical study on Swedish data. Journal of Banking & Finance, Vol. 14, No. 2-3,pp. 237-253.48. Betzer, A., I.
Bongard, M. Goergen, 2017. Index membership vs. loss ofvoting power: The unification of dual-class shares. Journal of International FinancialMarkets, Institutions and Money, Vol. 49, pp. 140-153.49. Bhalla, V., C. Orglmeister, D. Tong, 2016. What Makes Family Business inEmerging Markets So Different? https://www.bcg.com/publications/2016/what-makesfamily-businesses-in-emerging-markets-so-different.aspx50. Bianco, M., G. Nicodano, 2006. Pyramidal groups and debt. EuropeanEconomic Review, Vol. 50, No.
4, pp. 937-961.51. Bigelli, M., P.R. Rau, V. Mehrotra, 2011. Why are Shareholders not Paid toGive up Their Voting Privileges? Unique Evidence from Italy. Journal of CorporateFinance, Vol. 17, Issue 5, pp. 1619-1635.52. Black, B., A.G. De Carvalho, E. Gorga, 2010. Corporate governance inBrazil. Emerging Markets Review, Vol. 11, pp. 21-38.15753. BMO,2012.UnderstandingPreferredShares.https://www.bmo.com/pdf/Understanding%20Preferred%20Shares_E_FINAL.pdf54. Bodnaruk, A., Kandel, E., Massa, M., Simonov, A., 2008.
Shareholderdiversification and the decision to go public. Review of Financial Studies, Vol. 21, Issue6, pp. 2779–2824.55. Bortolon, P., R.P. Camara Leal, 2014. Dual-class unifications and corporategovernance in Brazil. Emerging Markets Review, Vol. 20, pp. 89-108.56. Brennan, M., A. Subrahmanyam, 1996.
Market microstructure and assetpricing: On the compensation for illiquidity in stock returns. Journal of FinancialEconomics, Vol. 41, Issue 3, pp. 441-464.57. Breusch, T. and A. Pagan, 1980. The LM test and its application to modelspecification in econometrics. Review of Economic Studies, Vol. 47, pp. 239–254.58. Brückner, R., P. Lehmann, M. H. Schmidt, R. Stehle, 2014. Fama/FrenchFactorsforGermany:WhichSetIsBest?WorkingPaper.http://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2014-Rome/papers/EFMA2014_0446_fullpaper.pdf59.
Bundgaard, J.M. Tell, S.B. Jensen, K.D. Weber, P. Bjerksund, G. Stensland,I. Vamråk, A. Hilling, A. Vilhelmsson, 2016. Trends in Financial Market Innovations:The Role of Taxes. Copenhagen Research Group on International Taxation – CORITDiscussion Paper, No. 17.60. Burcart, M., S. Lee, 2008. One Share - One Vote: The Theory. Review ofFinance, Vol. 12, Issue 1, pp. 1-49.61. Caprio, L., E.
Croci, 2008. The determinants of the voting premium in Italy:the evidence from 1974 to 2003. Journal of Banking and Finance, Vol. 32, No. 11, pp.2433-2443.62. Chemmanur, T.J., Y. Jiao, 2007. Dual class IPOs, share recapitalization, andunifications: a theoretical analysis. European Corporate Governance Institute (ECGI) Finance Research Paper Series.63. Chemmanur, T.J., Y.
Jiao, 2012. Dual class IPOs: A theoretical analysis.Journal of Banking & Finance, Vol. 36, Issue 1, pp. 305-319.64. Chung, H. Kee, Jeong-Kuk Kim, 1999. Corporate ownership and the valueof a vote in an emerging market. Journal of Corporate Finance, No. 5, pp. 35-54.65. Claessens, S., Fan J., 2002. Corporate Governance in Asia: A survey.International Review of Finance, No. 3:2, pp. 71-103.15866.
Claessens, S., S. Djankov, L. H.P. Lang, 2000. The separation of ownershipand control in East Asian Corporations. Journal of Financial Economics, Vol. 58, No. 1–2, pp. 81-112.67. Cofee, J., 1999. The future as history: the prospects for global convergencein corporate governance and its implications. Northwestern Law Review, Vol. 93, pp.
631707.68. Compers, P., J. Ishii, A. Metrick, 2010. Extreme Governance: An Analysisof Dual-Class Firms in the United States. The Review of Financial Studies, Vol. 23, No.3, pp. 1051-1088.69. Cronqvist, H., M. Nilsson, 2003. Agency Costs of Controlling MinorityShareholders. Journal of Financial and Quantitative Analysis, Vol. 38, Issue 4, pp. 695719.70. Da Silva, C.A., A. Subrahmanyam, 2007. Dual-class premium, corporategovernance, and the mandatory bid rule: Evidence from the Brazilian stock market.Journal of Corporate Finance, No. 13, pp.1–24.71.
Damodaran, A., 2012. The Value of Control: Implications for ControlPremiums, Minority Discounts and Voting Share Differentials. New York Journal of Lawand Business, Vol. 8, pp. 487-503.72. Damodaran,A.,2016.Whousespreferredhttp://aswathdamodaran.blogspot.ru/2009/03/who-uses-preferred-stock.htmlstock?73. De Angelo, H., L. De Angelo, 1985.
Managerial ownership of voting rights:A study of public corporations with dual classes of common stock. Journal of FinancialEconomics, Vol. 14 (issue 1), pp. 33-69.74. De Carvalho, A.G., G.G. Pennacchi, 2012. Can a stock exchange improvecorporate behavior? Evidence from firms' migration to premium listings in Brazil.Journal of Corporate Finance, Vol. 18, Issue 4, pp. 883-903.75. De Hoyos, R.E., Sarafidis, V., 2006. Testing for cross-sectional dependencein panel-data models. The Stata Journal, No. 4, pp.
482-496.76. De Souza, V.F., M. Fernandes, 2014. Voting premium in the BrazilianEquity Market. Brazilian Review of Econometrics, Vol. 34, No. 1, pp. 79-96.77. Dimitrov, V., P. C. Jain, 2006. Recapitalization of one class of commonstock into dual-class: Growth and long-run stock returns. Journal of Corporate Finance,Vol. 12, Issue 2, pp. 342-366.78. Dittman, I., N. Ulbricht, 2007. Timing and Wealth Effects of German DualClass Stock Unifications. European Financial Management, Vol. 14, No. 1, pp. 163–196.15979.
Doidge C., Karolyi G. Andrew, Lins Karl V., Miller Darius P. and Stulz ReneM., 2009. Private Benefits of Control, Ownership, and the Cross-Listing Decision. TheJournal of Finance, Vol. 64, No. 1, pp. 425-466.80. Doidge, C., G.A. Karolyi, R.M. Stulz, 2004. Why Do Countries Matter soMuch for Corporate Governance? NBER Working Paper, No. w10726.https://papers.ssrn.com/sol3/papers.cfm?abstract_id=589010##81.
Driscoll, J., and A. C. Kraay, 1998. Consistent covariance matrix estimationwith spatially dependent data. Review of Economics and Statistics, Vol. 80, pp. 549 – 560.82. Dual-Class Companies List, 2017. Council of Institutional Investors.https://www.cii.org/files/issues_and_advocacy/Dual%20Class%20Company%20List%202018(1).pdf83. Faccio, M., Larry H.P. Lang, 2002. The ultimate ownership of WesternEuropean corporations.
Journal of Financial Economics, Vol. 65, Issue 3, pp. 236-395.84. Fatemi A., J.P. Krahnen, 2000. On the valuation of common and preferredshares in Germany: New evidence on the value of voting rights. Managerial Finance,Vol. 26, Issue 10, pp.42-54.85.