Research on Dual-Class Share Structure and Company Performance

DOI

10.2991/icedem-18.2018.105How to use a DOI?

Keywords

Dual-class share structure; Agency cost; Company performance

Abstract

This paper explores the relationship between dual-class share structure, agency cost and company performance, and divides the dual-class share structure according to multiple different dimensions of B shares voting. With voting right as an alternative argument, this article studies voting rights and the relationship between company performance and adopts dual-class share structure of listed companies to determine reasonable B shares multiples to provide theoretical reference for the right to vote. The paper mainly solves two key problems: first, under the background of dual-class share structure, whether voting right has a positive impact on company performance; second, what is the influence path of voting right on company performance? This paper will discuss whether voting right influences company performance through the mediating role of agency cost.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shuai Wang
PY  - 2018/12
DA  - 2018/12
TI  - Research on Dual-Class Share Structure and Company Performance
BT  - Proceedings of the 2018 2nd International Conference on Economic Development and Education Management (ICEDEM 2018)
PB  - Atlantis Press
SP  - 421
EP  - 424
SN  - 2352-5398
UR  - https://doi.org/10.2991/icedem-18.2018.105
DO  - 10.2991/icedem-18.2018.105
ID  - Wang2018/12
ER  -