Existing literature shows that the market values control because controlling shareholder can generate private benefits and improve the efficiency of the corporation. In this study, we provide a measure of the value of control for a set of domestic and foreign transactions. Our measure of the...

The potential user of a model should not depend entirely upon the model's advocates for an assessment of the model. Rather, he should carry out his own analysis. This article has presented a framework to guide such an analysis. This framework, which is summarized in Table 1, helps to provide a...