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040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
0861 |aRG52-52/1984E-PDF
1001 |aPesando, James E.,|d1946- |eauthor.
24510|aRestricted shares and the efficiency of the capital market / |cby James E. Pesando.
264 1|aOttawa : |bConsumer and Corporate Affairs Canada, |cJuly 9, 1984.
300 |a1 online resource (1 volume (various pagings))
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
500 |aDigitized edition from print [produced by Innovation, Science and Economic Development Canada].
500 |a"A Background Paper prepared for Consumer and Corporate Affairs Canada."
504 |aIncludes bibliographical references.
520 |a"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.
650 0|aIndustrial concentration|zCanada.
650 0|aSecurities|zCanada.
650 0|aTender offers (Securities)|zCanada.
650 6|aConcentration d'entreprises|zCanada.
650 6|aValeurs mobilières|zCanada.
650 6|aOffres publiques d'achat (Valeurs mobilières)|zCanada.
7101 |aCanada. |bConsumer and Corporate Affairs Canada, |eissuing body.
85640|qPDF|s944 KB|uhttps://publications.gc.ca/collections/collection_2021/isde-ised/RG52-52-1984-eng.pdf