Morten Bennedsen and Daniel Wolfenzon
Morten Bennedsen: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Daniel Wolfenzon: Michigan Business School, Postal: Chicago Business School
Abstract: We provide a theoretical analysis of the relationship between investor protection and the performance of corporations with concentrated ownership and apply it to analyze two types of investor protection. First, we analyze the cost and benefits of imposing super-majority requirements on certain important policy issues in the corporation. Second, we analyze why it can be in the interest of the corporation to impose restrictions on the free transferability of shares.
28 pages, December 1, 2000
Full text files
Questions (including download problems) about the papers in this series should be directed to Lene Hald ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2022-03-04 14:16:00.