Financial Tunnelling: Shareholder Protection and Wealth Changes During Two Decades of Capital Management Activities in Australia

Abstract

Companies raise capital and distribute capital and profits through various mechanisms, often structured to benefit important shareholders such as institutions. This study examines the extent to which minority shareholders have had wealth destroyed through company capital management activities, and offers corporate governance solutions.

Related publications (1)

Equity in capital raising? Empirical evidence from structured private placements

HH Au Yong, C Brown, CY Ho, C Shekhar

2024-02-01

Packaged private placements (PPP) in Australia allow all eligible shareholders to purchase shares at the same price as offered to ..