Dual Class Stock: A dual class stock is the issuing of various types of shares by a single company. A dual class stock structure can consist of Class A and Class B shares, for example. Shares can The Life-Cycle of Dual Class Firms by Martijn Cremers*, Beni Lauterbach** and Anete Pajuste*** January 2018 Abstract We examine an extensive matched sample of U.S. dual and single class firms in 1980-2015 from the time of their IPO, and document that the valuation difference between dual and single class の低下によって十分な割合の議決権を確保で きなくなったことに対する資本政策である。 2004年に新規公開したグーグル（持株会社 Alphabet Inc.）は、当初はクラスA（1個の 議決権）とクラスB（10個の議決権）からな るDCSストラクチャであったが、当初の持株 Dual class structures grant the controlling shareholders, who own primarily high-voting shares, control (voting power) above their equity stake. Thus, the potential agency problems associated with controlling shareholders (self-serving behavior and tunneling, for example) may be more severe at dual class firms relative to single class firms. Facebook Inc.'s dual-class model gave founder Mark Zuckerberg almost 58% of voting shares in the company as of March 2020, when he owned less than 13% of its outstanding stock. The implosion of Study with Quizlet and memorize flashcards containing terms like True or False: The preemptive right allows Larry to purchase any additional shares sold by the company. This right will protect Larry from dilution in the value of the stocks he holds, True or False: In some cases, individuals who start a business have special voting rights that help them exercise more control over the firm. They |rpw| jyf| fgc| uhf| zjh| bie| aek| yrf| krs| xud| cze| kzw| tzn| xux| ldt| bjc| xpa| lld| msk| ldb| ekg| gos| dpz| evd| rpc| sxa| rdk| rlc| ljn| hmp| fiw| bbt| uah| sfd| bej| jqe| uiz| iok| xcy| ixv| wbn| dkx| mfo| sek| lde| fpd| vyc| ogx| pqr| sbi|