| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086840 | Journal of Accounting and Economics | 2011 | 19 Pages |
Abstract
⺠This study examines companies with two classes of shares that entitle their holders to identical cash flow and voting rights but that are available to mutually exclusive sets of investors. ⺠Price differences between the two classes of shares are higher in firms with a greater disclosure disparity to the two groups of investors. ⺠This association is more pronounced when the cost (benefit) of information transfer is higher (lower).
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Vicki Wei Tang,