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Blocks, Liquidity, and Corporate Control

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Author Info
Patrick BOLTON
Ernst-Ludwig VON THADDEN

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Abstract

The paper develops a simple model of optimal corporate ownership structure in which costs and benefits of ownership concentration are analysed.

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Publisher Info
Paper provided by Université de Lausanne, Faculté des HEC, DEEP in its series Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) with number 9619.

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Length: 29 pages
Date of creation: Aug 1996
Date of revision:
Publication status: Published in The Journal of Finance, vol.53 (1), Feb.1998, pp. 1-25
Handle: RePEc:lau:crdeep:9619

Contact details of provider:
Postal: Université de Lausanne, Faculté des HEC, DEEP, Internef, CH-1015 Lausanne
Phone: ++41 21 692.33.64
Fax: ++41 21 692.33.65
Web page: http://www.hec.unil.ch/deep/publications-english/e-cahiers.htm

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Related research
Keywords: ownership structure; corporate control; liquidity; ownership concentration; block pricing; free rider problem;

Other versions of this item:

Find related papers by JEL classification:
G12 - Financial Economics - - General Financial Markets - - - Asset Pricing
G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure

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This page was last updated on 2009-11-22.


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