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Footnotes 1 . In re Broadway‐Exchange Corp., 15 S.E.C. 256, 267 (1944). 2 . Franco Modigliani & Merton Miller , “ The Costs of Capital, Corporation Finance, and the Theory of Investment ,” 48 Am. Econ. Rev. 261 ( 1958 ). 3 . See, e.g., Merton H. Miller , “ The Modigliani‐Miller Propositions After Thirty Years ,” 2 J. Econ. Perspec. 99 ( 1988 ); Sudipto Bhattacharya , “ Corporate Finance and the Legacy of Miller and Modigliani ,” 2 J. Econ. Perspec. 135 ( 1988 ). 4 . Bengt R. Holstrom & Jean Tirole , “ The Theory of the Firm ,” in Handbook of Industrial Organization 63 , 85 (R. Schmalensee & R. Willig eds., 1989). 5 . See The Business Roundtable v. Securities and Exchange Commission, 905 F. 2d 406 (D.C. Cir., 1990). 6 . Joel Seligman , “ Equal Protection in Shareholder Voting Rights: The One Common Share, One Vote Controversy ,” Geo. Wash.L. Rev. 54 687 ( 1986 ), carefully sets out the history of the voting rights standards of the stock exchanges. 7 . Ronald Lease , John McConnell & Wayne Mikkelson , “ The Market Value of Control In Publicly‐Traded Corporations
Journal of Applied Corporate Finance – Wiley
Published: Jan 1, 1993
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