Does the Control–Cash Flow Rights Wedge Capture Private Benefits of Control? Evidence from a Mandatory Bid Rule Reform
Lubar Hall, N440 3202 N. Maryland Ave., MilwaukeePart of the Lubar Research Seminar Series Speaker: Carlos Acuna, Lubar College of Business, University of Wisconsin - Milwaukee Carlos examines whether the control–cash flow rights wedge captures private benefits of control (PBC) by exploiting Chile’s adoption of the Mandatory …