Cloth: 978-0-226-53678-1 | Electronic: 978-0-226-53682-8
AVAILABLE FROMUniversity of Chicago Press (cloth, ebook)
Barnes & Noble Nook
ABOUT THIS BOOK
What corporate governance problems arise in tightly held firms? How do these differ from corporate governance problems in widely held firms? How do control blocks arise and how are they maintained? How does concentrated ownership affect economic growth? How should we regulate tightly held firms?
Drawing together leading scholars from law, economics, and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy.
TABLE OF CONTENTS
I. The Origins of Ownership Structure
1. The Determinants of Corporate Venture Capital Success: Organizational Structure, Incentives, and Complementarities
2. Ownership Structures and the Decision to Go Public: Private versus Social Optimality
3. Some of the Causes and Consequences of Corporate Ownership Concentration in Canada
4. Corporations and Taxation: A Largely Private Matter?
II. The Law and Concentrated Corporate Ownership
5. Constraints on Large-Block Shareholders
6. Trust and Opportunism in Close Corporations
7. Waiting for the Omelette to Set: Match-Specific Assets and Minority Oppression
8. Adverse Selection and Gains to Controllers in Corporate Freezeouts
III. Economic Effects of Concentrated Corporate Ownership
9. Emerging Market Business Groups, Foreign Intermediaries, and Corporate Governance
10. Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights
11. Inherited Wealth, Corporate Control, and Economic Growth The Canadian Disease?