Abstract
Dual-class shares have appeared worldwide since the 19th century in developed financial markets and are increasingly spreading to financial markets globally. Since their inception, dual-class shares have become one of the most contentious issues in the capital market, attracting the attention of not only researchers, managers, but also policymakers. In Vietnam, the concept of “dual-class shares” is relatively new, and this term is not mentioned in current legal documents. Hence, conducting research on this financial tool is progressively imperative, particularly within the current landscape of economic integration and the globalization of financial markets. This study aims to clarify the concept, examine the benefits and risks of dual-class shares, analyze its history and global development trends, and draw implications on the suitability and conditions for applying dual-class shares in Vietnam.
Từ khóa: Dual-class shares, dual stocks, global development, mergers and acquisitions (M&A), takeovers, Vietnam Stock Exchange.
JEL classification: D53, F, F21, G11, G15.
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
