TY - JOUR
T1 - Estimating the private benefits of control from partial control transfers:
T2 - Methodology and evidence
AU - Barak, Ronen
AU - Lauterbach, B.
PY - 2011
Y1 - 2011
N2 - We elaborate the Barclay and Holderness (1989) methodology commonly used for estimating the private benefits of control from block trades. Despite the recent methodological advance in the area, i.e., Albuquerque and Schroth (2010), the Barclay and Holderness methodology remains the only applicable methodology in many if not most of the cases. The empirical work identifies a large impact of our revised methodology in cases of partial control transfers; in many cases our methodological improvement appears crucial.
AB - We elaborate the Barclay and Holderness (1989) methodology commonly used for estimating the private benefits of control from block trades. Despite the recent methodological advance in the area, i.e., Albuquerque and Schroth (2010), the Barclay and Holderness methodology remains the only applicable methodology in many if not most of the cases. The empirical work identifies a large impact of our revised methodology in cases of partial control transfers; in many cases our methodological improvement appears crucial.
UR - https://www.mendeley.com/catalogue/ab13ec46-35cb-3739-9aed-aa27c2100ce2/
U2 - 10.1504/ijcg.2011.044374
DO - 10.1504/ijcg.2011.044374
M3 - Article
SN - 1754-3045
VL - 2
SP - 183
EP - 200
JO - International Journal of Corporate Governance
JF - International Journal of Corporate Governance
IS - 3-4
ER -