Title:

The Value of Control and the Costs of Illiquidity

Authors:

Rui Albuquerque (U Boston, U Católica Portuguesa) U Católica Portuguesa)
Enrique Schroth (City U London)

Journal:

Journal of Finance

Year:

2015

Volume:

70

Number:

4

Pages:

1405-1455

JEL codes:

D82 - Asymmetric and Private Information
D83 - Search; Learning; Information and Knowledge; Communication; Belief
G14 - Information and Market Efficiency; Event Studies
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure
G34 - Mergers; Acquisitions; Restructuring; Corporate Governance