Bøhren, Øyvind; Krosvik, Nils Erik - In: International Review of Law and Economics 36 (2013) C, pp. 48-58
enforcement on stockholder behavior. We find that minority stockholders reject about one out of ten freezeout offers, and that … stockholders consider most freezeout offers commensurate with the level of legal stockholder protection as enforced by the courts …. The majority stockholder tends to underestimate the legal protection of minority rights in settings where these rights are …