The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
One Share - One Vote: the Theory
Open accessAbstract
The theoretical literature on security-voting structure can be organized around three questions: What impact do nonvoting shares have on takeover outcomes? How does disproportional voting power affect the incentives of blockholders? What are the repercussions of mandating one share - one vote for firms' financing and ownership choices? Overall, the costs and benefits of separating cash flow and votes reflect the fundamental governance trade off between disempowering blockholders and empowering managers. It is therefore an open question whether mandating one share - one vote would improve the quality of corporate governance, notably in systems that so far relied on active owners.
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Citations
Cites
A Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
Investor protection and corporate governance
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00065-9 · Cited by 6,848 · cited 1×
“This seems at odds with the empirical regularity that better minority shareholder protection is associated with larger public markets (La Porta et al., 2000).”
BackgroundThe separation of ownership and control in East Asian Corporations
Claessens, S., Djankov, S., & Lang, L. H. P. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00067-2 · Cited by 5,754
Managerial control of voting rights
Stulz, R. (1988) · Journal of Financial Economics · doi:10.1016/0304-405x(88)90039-6 · Cited by 2,429
Takeover Threats and Managerial Myopia
Stein, J. C. (1988) · Journal of Political Economy · doi:10.1086/261524 · Cited by 1,673
Cited by
Is more finance better? Disentangling intermediation and size effects of financial systems
Beck, T., Degryse, H., & Kneer, C. (2014) · Journal of Financial Stability · doi:10.1016/j.jfs.2013.03.005 · Cited by 369
Metadata
- Authors
- Burkart, M., & Lee, S.
- Venue
- Review of Finance
- Publisher
- Oxford University Press (OUP)
- Published
- 2008-01-01
- Volume
- 12
- Issue
- 1
- Pages
- 1-49
- ISSN
- 1382-6662 (ISSN-L)
- 1573-692X
- 1572-3097
- OpenAlex
- W2155263283
- Cited by
- 177
- References
- 5
- FWCI
- 36.20
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
