00000nam 2200000zi 4500 9.884847 CaOODSP 20221107170956 m o d f cr |n||||||||| 200219e19840709onc|||| ob f00| 0|eng d CaOODSP eng rda CaOODSP n-cn--- RG52-52/1984E-PDF Pesando, James E., 1946- author. Restricted shares and the efficiency of the capital market / by James E. Pesando. Ottawa : Consumer and Corporate Affairs Canada, July 9, 1984. 1 online resource (1 volume (various pagings)) text txt rdacontent computer c rdamedia online resource cr rdacarrier Digitized edition from print [produced by Innovation, Science and Economic Development Canada]. "A Background Paper prepared for Consumer and Corporate Affairs Canada." Includes bibliographical references. "The purpose of this background paper is to assess the implications for the efficiency of the capital market that arise from the use of "residual equity" shares with no voting rights or with voting rights that are subordinate to another class having greater voting rights. These are referred to by the Ontario Securities Commission (OSC) as "restricted shares". The framework adopted in this background paper is that provided by modern finance theory, which is that area of economic analysis which deals with the operation and efficiency of capital markets. The paper is to provide a framework, drawing upon received theoretical and empirical analysis, to evaluate the salient issues regarding the use of restricted shares as a source of equity capital"--Introduction. Industrial concentration Canada. Securities Canada. Tender offers (Securities) Canada. Concentration d'entreprises Canada. Valeurs mobilières Canada. Offres publiques d'achat (Valeurs mobilières) Canada. Canada. Consumer and Corporate Affairs Canada, issuing body. PDF 944 KB https://publications.gc.ca/collections/collection_2021/isde-ised/RG52-52-1984-eng.pdf