takeovers. Using a sample of French deals, this paper investigates the impact of shareholder agreements on takeover premiums. A …

analysis insofar as French law requires the disclosure of the shareholder agreements’ clauses. In line with previous literature … pronounced when a “concerted action” provision is in force and/or the contracting shareholders are of the same type. Shareholder … agreements thus appear as efficient coordination mechanisms rather than expropriation mechanisms. …

Shareholder agreements are contracts that govern the relationship among different shareholders in a firm. This article … uses a unique dataset to analyze shareholder agreements in listed companies and shows how they affect firm valuation. While … shareholder agreements may be used to expropriate value from non-controlling investors, they can also mitigate conflicts of …

analysis insofar as French law requires the disclosure of the shareholder agreements’ clauses. In line with previous literature … pronounced when a “concerted action” provision is in force and/or the contracting shareholders are of the same type. Shareholder … agreements thus appear as efficient coordination mechanisms rather than expropriation mechanisms. …

Shareholder agreements govern the relations among shareholders in privately-held companies, such as joint ventures or …-along rights, demand rights, tag-along rights, and catch-up clauses in shareholder agreements. We view these clauses as serving to …

analysis insofar as French law requires the disclosure of the shareholder agreements’ clauses. In line with previous literature … pronounced when a “concerted action” provision is in force and/or the contracting shareholders are of the same type. Shareholder … agreements thus appear as efficient coordination mechanisms rather than expropriation mechanisms. …

takeovers. Using a sample of French deals, this paper investigates the impact of shareholder agreements on takeover premiums. A …