메뉴 건너뛰기




Volumn 4, Issue 2, 1998, Pages 107-131

Security design and the allocation of voting rights: Evidence from the Australian IPO market

Author keywords

Corporate governance; Differential voting rights; G32; G34; Initial public offerings

Indexed keywords


EID: 0038465566     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0929-1199(97)00012-6     Document Type: Article
Times cited : (39)

References (20)
  • 1
    • 0000589044 scopus 로고
    • Production, information costs and economic organization
    • Alchian A., Demsetz H. Production, information costs and economic organization. American Economic Review. 62:1972;777-795.
    • (1972) American Economic Review , vol.62 , pp. 777-795
    • Alchian, A.1    Demsetz, H.2
  • 2
    • 84986533463 scopus 로고
    • Restricted voting shares, ownership structure and the market value of dual class firms
    • Ang J., Megginson W. Restricted voting shares, ownership structure and the market value of dual class firms. Journal of Financial Research. 12:1990;301-318.
    • (1990) Journal of Financial Research , vol.12 , pp. 301-318
    • Ang, J.1    Megginson, W.2
  • 3
    • 0001385346 scopus 로고
    • Underpricing of new issues and the choice of auditor as a signal of investment banker reputation
    • Balvers R.J., McDonald B., Millar R.E. Underpricing of new issues and the choice of auditor as a signal of investment banker reputation. The Accounting Review. 63:1988;605-622.
    • (1988) The Accounting Review , vol.63 , pp. 605-622
    • Balvers, R.J.1    McDonald, B.2    Millar, R.E.3
  • 4
    • 0040729245 scopus 로고
    • Controlling opportunistic behaviour in corporate governance: The role of disproportionate voting shares and coat-tail provisions
    • Cheung C.S., Gaa J.C. Controlling opportunistic behaviour in corporate governance: The role of disproportionate voting shares and coat-tail provisions. Journal of Institutional and Theoretical Economics. 145:1989;438-450.
    • (1989) Journal of Institutional and Theoretical Economics , vol.145 , pp. 438-450
    • Cheung, C.S.1    Gaa, J.C.2
  • 6
    • 46549097703 scopus 로고
    • Managerial ownership of voting rights: A study of public corporations with dual classes of common stock
    • De Angelo H., De Angelo L. Managerial ownership of voting rights: A study of public corporations with dual classes of common stock. Journal of Financial Economics. 14:1985;33-69.
    • (1985) Journal of Financial Economics , vol.14 , pp. 33-69
    • De Angelo, H.1    De Angelo, L.2
  • 7
    • 0002695117 scopus 로고
    • Majority owner - managers and organizational efficiency
    • Denis D.J., Denis D.K. Majority owner - managers and organizational efficiency. Journal of Corporate Finance. 1:1994;91-118.
    • (1994) Journal of Corporate Finance , vol.1 , pp. 91-118
    • Denis, D.J.1    Denis, D.K.2
  • 8
    • 33749030268 scopus 로고
    • The option pricing model and the risk factor of stock
    • Galai D., Masulis R.W. The option pricing model and the risk factor of stock. Journal of Financial Economics. 3:1976;53-81.
    • (1976) Journal of Financial Economics , vol.3 , pp. 53-81
    • Galai, D.1    Masulis, R.W.2
  • 9
    • 43949176471 scopus 로고
    • Additional evidence on the association between the investment opportunity set and corporate financing, dividend and compensation policies
    • Gaver J., Gaver K. Additional evidence on the association between the investment opportunity set and corporate financing, dividend and compensation policies. Journal of Accounting and Economics. 16:1993;125-1960.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 125-1960
    • Gaver, J.1    Gaver, K.2
  • 10
    • 0039638743 scopus 로고
    • Regulating the equity component of capital structure: The SEC's response to the one-share one-vote controversy
    • Gilson R. Regulating the equity component of capital structure: The SEC's response to the one-share one-vote controversy. Continental Bank Journal of Applied Corporate Finance. 5:1993;37-43.
    • (1993) Continental Bank Journal of Applied Corporate Finance , vol.5 , pp. 37-43
    • Gilson, R.1
  • 12
    • 0001951321 scopus 로고
    • Economic evaluation of voting power of common stock
    • Levy H. Economic evaluation of voting power of common stock. Journal of Finance. 38:1982;79-93.
    • (1982) Journal of Finance , vol.38 , pp. 79-93
    • Levy, H.1
  • 13
    • 0040310852 scopus 로고
    • Our two corporation systems: Law and economics
    • Manne H. Our two corporation systems: Law and economics. Virginia Law Review. 53:1967;259-284.
    • (1967) Virginia Law Review , vol.53 , pp. 259-284
    • Manne, H.1
  • 14
    • 0000451344 scopus 로고
    • The consequences of unbundling managers voting rights and equity claims
    • Mikkelson W., Partch M. The consequences of unbundling managers voting rights and equity claims. Journal of Corporate Finance. 1:1994;175-199.
    • (1994) Journal of Corporate Finance , vol.1 , pp. 175-199
    • Mikkelson, W.1    Partch, M.2
  • 15
    • 49449125071 scopus 로고
    • Determinants of corporate borrowing
    • Myers S.C. Determinants of corporate borrowing. Journal of Financial Economics. 5:1977;147-175.
    • (1977) Journal of Financial Economics , vol.5 , pp. 147-175
    • Myers, S.C.1
  • 16
    • 38249038470 scopus 로고
    • The creation of a class of limited voting common stock and shareholder wealth
    • Partch M. The creation of a class of limited voting common stock and shareholder wealth. Journal of Financial Economics. 18:1987;313-339.
    • (1987) Journal of Financial Economics , vol.18 , pp. 313-339
    • Partch, M.1
  • 17
    • 38249030462 scopus 로고
    • Coercive dual-class exchange offers
    • Ruback R.S. Coercive dual-class exchange offers. Journal of Financial Economics. 20:1988;153-173.
    • (1988) Journal of Financial Economics , vol.20 , pp. 153-173
    • Ruback, R.S.1
  • 18
    • 0004033988 scopus 로고
    • Working paper 35. Northwestern University, Kellogg School of Business, Evanston, IL.
    • Rydquist, K., 1987. Empirical investigation of the voting premium, Working paper 35. Northwestern University, Kellogg School of Business, Evanston, IL.
    • (1987) Empirical Investigation of the Voting Premium
    • Rydquist, K.1
  • 19
    • 33845790377 scopus 로고
    • Outside directors and CEO turnover
    • Weisbach M. Outside directors and CEO turnover. Journal of Financial Economics. 20:1988;431-460.
    • (1988) Journal of Financial Economics , vol.20 , pp. 431-460
    • Weisbach, M.1
  • 20
    • 21344488480 scopus 로고
    • The value of the voting right: A study of the Milan stock exchange experience
    • Zingales L. The value of the voting right: A study of the Milan stock exchange experience. Review of Financial Studies. 7:1994;125-148.
    • (1994) Review of Financial Studies , vol.7 , pp. 125-148
    • Zingales, L.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.