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A Dhillon, and Silvia Rossetto
February 2015, pp. 521–560
We analyze the determinants of a firm's ownership structure when decisions over risk are taken by majority vote of risk-averse shareholders. We show that when a fraction of small, diversified shareholders abstains from voting, mid-sized blockholders may emerge to mitigate the conflict of interests...
February 28, 2015
Augustin Landier, and David Thesmar
February 26, 2015
Jacques Delpla
Claude Crampes, and Thomas-Olivier Léautier
Bruno Biais
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Paul Seabright
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