Determinants of Ownership Concentration and Tender Offer Law in the Chilean Stock Market

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Morales, Marco;
  • Subject: Ownership Concentration, Payout Policy, Minority Shareholders, Tender Offer
    • jel: jel:G34 | jel:G32 | jel:G35

This paper analyzes econometrically the determinants of ownership concentration in the Chilean stock market, with particular attention to the e¤ects of the Tender Offer Law (OPA law). Even though the central pourpose of OPAs Law is achieved, the tender offer mechanism i... View more
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