Gompers, Paul A.; Ishii, Joy; Metrick, Andrew - In: Review of Financial Studies 23 (2010) 3, pp. 1051-1088
We construct a comprehensive list of dual-class firms in the United States and use this list to analyze the relationship between insider ownership and firm value. Our data have two useful features. First, since dual-class stock separates cash-flow rights from voting rights, we can separately...