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.
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publications.gc.ca/pub?id=9.884847&sl=0
| 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 |
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| 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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