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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w9469 |
来源ID | Working Paper 9469 |
Modeling and Measuring Russian Corporate Governance: The Case of Russian Preferred and Common Shares | |
William N. Goetzmann; Matthew Spiegel; Andrey Ukhov | |
发表日期 | 2003-02-03 |
出版年 | 2003 |
语种 | 英语 |
摘要 | This paper examines governance explanations for the discount of preferred shares to common shares in the Russian market. conflicts between shareholder classes may help explain the discount. However, for this to be the sole explanation the estimated models suggest that the magnitude of future adverse shareholder events would have to be very high. Nevertheless, evidence of a common factor potentially related to governance seems evident in the date, implying that corporate control issues may at least be partially responsible for the observed preferred share discount |
主题 | International Economics ; International Finance ; Financial Economics ; Corporate Finance |
URL | https://www.nber.org/papers/w9469 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567088 |
推荐引用方式 GB/T 7714 | William N. Goetzmann,Matthew Spiegel,Andrey Ukhov. Modeling and Measuring Russian Corporate Governance: The Case of Russian Preferred and Common Shares. 2003. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w9469.pdf(427KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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