# Research from Professor Aswath Damodaran explaining the difference between voting and non-voting shares is referenced

1 Faculty News September 20, 2019 ![Livemint logo](/sites/default/files/styles/246w/public/assets/images/livemint%20feature.jpg?itok=nIqY0pI_)>

Excerpt from [Livemint](https://www.livemint.com/market/mark-to-market/is-tata-motors-increasingly-seen-as-a-takeover-target-by-investors-1567614915569.html) -- “'The difference between voting and non-voting shares should go to zero if there is no chance of changing management/control,' says corporate finance expert, Aswath Damodaran of New York University, in a paper titled The Value of Control."

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