Reference: | 1.Arneson, G. S., 1981, Nonmarketability discounts should exceed fifty percent, Taxes 59, 25-31. 2.Arneson, G. S., 1981, Minority discounts beyond fifty percent can be supported, Taxes 59, 97-102. 3.Barclay, Michael J., and Dennis P. Sheehan, 2001, The block pricing puzzle, working paper, SSRN, FEN Cap- Structure WPS. 4.Berle, A.A. Jr. and G.C. Means, 1932, The modern cooperation and private properry, Macmillan, New York. 5.Daniel, Kent, David Hirshleifer, and Avanidhar Subrahmanyam, 1998, Investor psychology and security market under- and overreactions, Journal of Finance 53, 1939-1885. 6.Demsetz, H. and K. Lehn, 1985, the structure of corporate ownership: Causes and consequences, Journal of Political Economy 93, pp.1155-1177. 7.Demsetz, H., 1983, The structure of ownership and the theory of the firm, Journal of Law and Economics 26, 375- 390. 8.Fields, L. P., and E. L. Mais, 1991, The valuation effects of private placements of convertible debt, Journal of Finance 46, 1925-1932. 9.Jensen, M. and R. Ruback, 1983, The market for corporate control: The scientific evidence, Journal of Financial Economics 11, 5-50. 10.Jensen, M.C. and W.H. Meckling, 1976, Theory of the firm : Managerial behavior, agency costs and ownership structure, Journal of Financial Economics 3, 305-360. 11.Johnson, Richard D, and George A. Racette, 1981, Discounts on Letter Stock Do Not Appear to Be a Good Base on Which to Estimate Discounts for Lack of Marketability on Closely Held Stocks, Taxes 59, 574-81. 12.Kasim L. Alli and Donald J. Thompson II, 1993, The Wealth Effects of Private Stock Placements under Regulation D, THE Financial REVIEW 28, 329-350. 13.Leland, H., and Pyle, D. H., 1977, Information Asymmetric, Financial Structure and Financial Intermediation, Journal of Finance 32, 371-388. 14.Leland, H., and Pyle, D., 1999, Improved methods for tests of long-run abnormal stock returns, Journal Finance 32, 371-387. 15.Loughran, Tim, and Jay R. Ritter, 1997, The operating performance of firms conducting seasoned equity offerings, Journal of Finance52, 1823-1850. 16.Michael Hertzel, and Michael Lemmon, James S. Linck, and Lynn Rees, 2002, Long-run Performance following Private Placements of Equity, The Journal of Finance 6, 2595-2617. 17.Michael Hertzel and Richard L. Smith, 1993, Market Discounts and Shareholder Gains for Placing Equity Privately, The Journal of Finance 48, 459-485. 18.Michael L. Lemmon and Karl V. Lins, 2003, Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis, The Journal of finance 4, 1445-1468. 19.Morck, R.,A. Shleifer, and R. Vishny, 1988, Management ownership and market valuation: An empirical analysis, Journal of Financial Economics 20, 293-315. 20.Myers, S. C., and N. S. Majluf, 1984, Corporate financing and investment decisions when the firm has information that investors do not have, Journal of Financial Economics 13, pp.187-221. 21.Randall Morck, Andrei SHLEIFER and Robert W. VISHNY, 1988, MANAGEMENT OWNERSHIP AND MARKET VALUATION: An Empirical Analysis, Journal of Financial Economics 20, 293-315. 22.Shleifer, A., and R. Vishiny, 1986, Large shareholders and corporate control, Journal of Financial Economics 95, 461-488. 23.Sheehan D., Swisher, J., 1998, How sophisticated investors? Working paper. Smeal College of Business, Pennsylvania State University, University Park, PA. 24.Sheng-Syan Chen, Kim Wai Ho, Cheng-few Lee, and Gillian H.H. Yeo, 2002, Wealth Effects of Private Equity Placements: Evidence from Singapore, The Financial Review 37, 165-184. 25.Silber, W. L., 1991, Discounts on restricted stock : The impact of illiquidity on stock prices, Financial Analysts Journal 47, 60-64. 26.Srinivsan Krishnamurthy, Paul Spindt, Venkat Subramaniam, Tracie Woidtke, 2005, Does investor identity matter in equity issues? Evidence from private placements, Journal of Financial Intermediation 14, 210- 238. 27.Weston, 1979, The tender takeover, Mergers and Acquisitions, 74-82. 28.Wruck, 1989, EQUITY OWNERSHIP CONCENTRATION AND FIRM VALUE Evidence from Private Equity Financings, Journal of Financial 23, 3-28 |