Blocks, Liquidity, and Corporate Control
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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|Date of creation:||Aug 1996|
|Publication status:||Published in The Journal of Finance, vol.53 (1), Feb.1998, pp. 1-25|
|Contact details of provider:|| Postal: Université de Lausanne, Faculté des HEC, DEEP, Internef, CH-1015 Lausanne|
Phone: ++41 21 692.33.20
Web page: http://www.hec.unil.ch/deep/publications/cahiers/series
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