Restricted shares and the efficiency of the capital market / by James E. Pesando.: RG52-52/1984E-PDF

"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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.884847&sl=0

Publication information
Department/Agency Canada. Consumer and Corporate Affairs Canada, issuing body.
Title Restricted shares and the efficiency of the capital market / by James E. Pesando.
Publication type Monograph
Language [English]
Format Electronic
Electronic document
Note(s) 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.
Publishing information Ottawa : Consumer and Corporate Affairs Canada, July 9, 1984.
Author / Contributor Pesando, James E.,1946- author.
Description 1 online resource (1 volume (various pagings))
Catalogue number
  • RG52-52/1984E-PDF
Subject terms Industrial concentration -- Canada.
Securities -- Canada.
Tender offers (Securities) -- Canada.
Concentration d'entreprises -- Canada.
Valeurs mobilières -- Canada.
Offres publiques d'achat (Valeurs mobilières) -- Canada.
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