8. Adverse Selection and Gains to Controllers in Corporate Freezeouts

Chapters in this book

1. Frontmatter i
2. National Bureau of Economic Research v
3. Contents vii
4. Foreword ix
5. Acknowledgments xi
6. Introduction 1
7. I. The Origins of Ownership Structure
8. 1. The Determinants of Corporate Venture Capital Success: Organizational Structure, Incentives, and Complementarities 17
9. 2. Ownership Structures and the Decision to Go Public: Private versus Social Optimality 55
10. 3. Some of the Causes and Consequences of Corporate Ownership Concentration in Canada 81
11. 4. Corporations and Taxation: A Largely Private Matter? 105
12. II. The Law and Concentrated Corporate Ownership
13. 5. Constraints on Large-Block Shareholders 139
14. 6. Trust and Opportunism in Close Corporations 177
15. 7. Waiting for the Omelette to Set: Match-Specific Assets and Minority Oppression 201
16. 8. Adverse Selection and Gains to Controllers in Corporate Freezeouts 247
17. III. Economic Effects of Concentrated Corporate Ownership
18. 9. Emerging Market Business Groups, Foreign Intermediaries, and Corporate Governance 265
19. 10. Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights 295
20. 11. Inherited Wealth, Corporate Control, and Economic Growth The Canadian Disease? 319
21. Contributors 373
22. Name Index 375
23. Subject Index 381