{"title":"Estimating the Private Benefits of Control from Block Trades: Methodology and Evidence","authors":"Ronen Barak, Beni Lauterbach","doi":"10.2139/ssrn.965668","DOIUrl":null,"url":null,"abstract":"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.","PeriodicalId":163783,"journal":{"name":"Ownership Structure","volume":"82 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2010-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"12","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Ownership Structure","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.965668","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 12
Abstract
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.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
