In this paper the relation between the use of dual class shares and the risk of takeovers is explored. The results stress the need to control for the identity of the controlling owner in studies of corporate control and firm performance. For family controlled firms, it is found that both the...

Part I: Strategic Deals and Value Creation: The Lessons from Previous Research -- M&As Trends in Emerging Capital Markets -- How M&A Deals Influence Corporate Performance in Developed and Emerging Capital Markets: A Review of Empirical Results in the Literature -- Determinants of Cross-Border...

Using data from the Russian Longitudinal Monitoring Survey for the period 2000--2004 we investigate poverty trends in Russia. We find that urban poverty declines at twice the rate of rural poverty so that by 2004 poverty in Russia had become a largely rural phenomenon for the first time since...