CGRI Research Spotlight Series. Corporate Governance Research Initiative, March
This Research Spotlight provides a summary of the academic literature on how dual-class share structures influence firm value and corporate governance quality. It reviews the evidence of:
- The relation between dual-class shares and governance quality
- The relation between dual-class shares and tax avoidance
- The relation between dual-class shares and firm value and performance
This Research Spotlight expands upon issues introduced in the Quick Guide The Market for Corporate Control.