{"id":"https://openalex.org/W1495705673","doi":"https://doi.org/10.2139/ssrn.147568","title":"Adverse Selection and Gains to Controllers in Corporate Freezeouts","display_name":"Adverse Selection and Gains to Controllers in Corporate Freezeouts","publication_year":1999,"publication_date":"1999-01-01","ids":{"openalex":"https://openalex.org/W1495705673","doi":"https://doi.org/10.2139/ssrn.147568","mag":"1495705673"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.147568","doi":"https://doi.org/10.2139/ssrn.147568","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.147568","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.147568","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5109126440","display_name":"Lucian A. Bebchuk","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I136199984","display_name":"Harvard University","ror":"https://ror.org/03vek6s52","country_code":"US","type":"education","lineage":["https://openalex.org/I136199984"]},{"id":"https://openalex.org/I4210136188","display_name":"European Corporate Governance Institute","ror":"https://ror.org/04egehb02","country_code":"BE","type":"nonprofit","lineage":["https://openalex.org/I4210136188"]}],"countries":["BE","US"],"is_corresponding":true,"raw_author_name":"Lucian A. Bebchuk","raw_affiliation_strings":["European Corporate Governance Institute (ECGI), c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","Harvard Law School, Cambridge, MA 02138, United States","National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","European Corporate Governance Institute (ECGI)","Harvard Law School","National Bureau of Economic Research (NBER)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Corporate Governance Institute (ECGI), c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"Harvard Law School, Cambridge, MA 02138, United States","institution_ids":["https://openalex.org/I136199984"]},{"raw_affiliation_string":"National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"European Corporate Governance Institute (ECGI)","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"Harvard Law School","institution_ids":["https://openalex.org/I136199984"]},{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5054095578","display_name":"Marcel Kahan","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210136188","display_name":"European Corporate Governance Institute","ror":"https://ror.org/04egehb02","country_code":"BE","type":"nonprofit","lineage":["https://openalex.org/I4210136188"]},{"id":"https://openalex.org/I57206974","display_name":"New York University","ror":"https://ror.org/0190ak572","country_code":"US","type":"education","lineage":["https://openalex.org/I57206974"]}],"countries":["BE","US"],"is_corresponding":false,"raw_author_name":"Marcel Kahan","raw_affiliation_strings":["European Corporate Governance Institute, c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","New York University School of Law, 40 Washington Square South, New York, NY 10012-1099, United States","European Corporate Governance Institute","New York University School of Law"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Corporate Governance Institute, c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"New York University School of Law, 40 Washington Square South, New York, NY 10012-1099, United States","institution_ids":["https://openalex.org/I57206974"]},{"raw_affiliation_string":"European Corporate Governance Institute","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"New York University School of Law","institution_ids":["https://openalex.org/I57206974"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5109126440"],"corresponding_institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I136199984","https://openalex.org/I4210136188"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.0013000000035390258,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14102","display_name":"Corporate Governance and Law","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/adverse-selection","display_name":"adverse selection","score":0.8209999799728394},{"id":"https://openalex.org/keywords/private-benefits-of-control","display_name":"private benefits of control","score":0.8339999914169312},{"id":"https://openalex.org/keywords/minority-shareholders","display_name":"minority shareholders","score":0.7570000290870667},{"id":"https://openalex.org/keywords/private-information","display_name":"private information","score":0.8230000138282776},{"id":"https://openalex.org/keywords/takeover-defenses","display_name":"takeover defenses","score":0.36800000071525574}],"concepts":[{"id":"https://openalex.org/C32252159","wikidata":"https://www.wikidata.org/wiki/Q380037","display_name":"Adverse selection","level":2,"score":0.7015224099159241},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.5687100887298584},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.41520771384239197},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3365073800086975},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.26725929975509644},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.2125142514705658}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.147568","doi":"https://doi.org/10.2139/ssrn.147568","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.147568","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.147568","doi":"https://doi.org/10.2139/ssrn.147568","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.147568","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.47620001435279846}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.41999998688697815}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":10,"referenced_works":["https://openalex.org/W1516162792","https://openalex.org/W1550808079","https://openalex.org/W1822827039","https://openalex.org/W2015038708","https://openalex.org/W2035506393","https://openalex.org/W2039621796","https://openalex.org/W2148402268","https://openalex.org/W2156109180","https://openalex.org/W2892322668","https://openalex.org/W3121675891"],"related_works":["https://openalex.org/W1602580249","https://openalex.org/W3121877446","https://openalex.org/W3122466052","https://openalex.org/W2233084282","https://openalex.org/W7097789138","https://openalex.org/W3124897976","https://openalex.org/W3114106839","https://openalex.org/W4214924870","https://openalex.org/W4213291926","https://openalex.org/W6990130257"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":3},{"year":2013,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}