Losing control
KEY POINTS
- The arguments for including a control premium when valuing shares are usually flawed.
- Control premiums from public company studies should not be inferred to private companies.
- Most companies are managed optimally at least most of the time.
- Corporate governance theory and the exercise of control.
- Shareholders own shares not corporate assets.
- Institutional frameworks affect...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.