Topic: Do Sunset Clauses improve Dual-class Shares?

Reporter: JIANG Shicheng (ECUST)

Time: 21:10-22:15, December 7th, 2022 (Wednesday)

Venue: Meeting Room 318, Business School Building

Introduction of Reporter:

JIANG Shicheng, Associate Professor of ECUST School of Business, Deputy Dean of Oliver Hart Research Center of Contracts and Governance

Research Field: Contract Theory, Organizational Economics

Report Extract:

Based on the GHM theory, the paper constructs a model between entrepreneurs and investors. Within such model, entrepreneurs are inclined to maintaining controlling power, which under some occasions meets the benefit of external investors yet under other conditions does not.