We assemble a new data on dual-class firms in Latin America and analyze the relationship between the largest shareholder characteristics and its decision to leverage voting rights. First, we describe who are the largest shareholders in Latin American firms. Second, we find that both the type and...

Blockholders presence is a common attribute of modern corporations around the world. This work studies the effect of the presence of multiple blockholder in firm valuation for a sample of Latin American firms. To this effect, several measures of control contestability were constructed. Using OLS...