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Dual-class unifications and corporate governance in Brazil

Bortolon, Patrícia M.; Câmara Leal, Ricardo P. - In: Emerging Markets Review 20 (2014) C, pp. 89-108

We investigate dual-class unifications in a period following the successful inception of a premium single-class listing segment. Firms that unified increased their market liquidity. Investment opportunities and shareholder rights convergence drove unification of firms that later joined the new...

Persistent link: https://www.econbiz.de/10011056978