Browse
S-Space
College of Business Administration/Business School (경영대학/대학원)
Institute of Management Research (경영연구소)
경영논집
경영논집 vol.50 (2016)
Market Liquidity and Corporate Control: A Comment on Maug (1998)
- Authors
- Issue Date
- 2016-12
- Publisher
- 서울대학교 경영대학 경영연구소
- Citation
- 경영논집, Vol.50, pp. 145-155
- Abstract
- This note points out a small mistake made in Maugs 1998 paper in the Journal of Finance. It is shown that a correct analysis of the problem yields results different from Maugs. In short, even when the market is very liquid, a large block holder with sufficient incentives to monitor the management does not emerge.
- ISSN
- 2384-2849
- Language
- English
- Files in This Item:
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.
Seoul National University Library, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Korea
TEL: 02-880-5567
Email: s-space@snu.ac.kr
