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Cited by 759

The DOI matches its Crossref record; 43 of the 43 references it cites were found in a registry or an index.

Blocks, Liquidity, and Corporate Control

Open access
Bolton, Patrick, Von Thadden, Ernst‐Ludwig·1998·The Journal of Finance
DOI 10.1111/0022-1082.15240
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Abstract

The paper develops a simple model of corporate ownership structure in which costs and benefits of ownership concentration are analyzed. The model compares the liquidity benefits obtained through dispersed corporate ownership with the benefits from efficient management control achieved by some degree of ownership concentration. The paper reexamines the free‐rider problem in corporate control in the presence of liquidity trading, derives predictions for the trade and pricing of blocks, and provides criteria for the optimal choice of ownership structure.

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Crossref · 10.1111/0022-1082.15240

Cites

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Citations

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Metadata

Authors
Bolton, P., & Von Thadden, E.
Venue
The Journal of Finance
Publisher
Wiley
Published
1998-02
Volume
53
Issue
1
Pages
1-25
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.15240
OpenAlex
W2017752325
Cited by
759
References
43
FWCI
102.22
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Blocks, Liquidity, and Corporate Control. https://app.cochat.ai/papers/10.1111/0022-1082.15240
The paper
Bolton, P., & Von Thadden, E. (1998). Blocks, Liquidity, and Corporate Control. The Journal of Finance. https://doi.org/10.1111/0022-1082.15240

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

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.