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:
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| Title | Restricted shares and the efficiency of the capital market / by James E. Pesando. |
| Publication type | Monograph |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (1 volume (various pagings)) |
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