Privately held or publicly owned? Large shareholders and corporate control – evolutionary game theoretic analysis

• Published in: Corporate Ownership and Control Vol. 12; no. 4; pp. 141 - 155
• Main Author: Toukan, Amjad
• Format: Journal Article
• Language: English
• Published: 2015

I use evolutionary game theoretic techniques to model the interaction between managers and shareholders and describe the equilibrium ownership structure arrived at in different legal environments. The decision to go public and the shape of the ownership structure itself depend on the particular comb...