Essays about: "separation of control rights and cash flow rights"

Showing result 1 - 5 of 9 essays containing the words separation of control rights and cash flow rights.

1. 1. Swedish Corporate Ownership and Choice of Debt: The Effect of Dual Class Shares

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi; Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Gustav Ossmark; Edvin Sveder; [2022]
   Keywords : Dual class shares; Bank Debt; Public Debt; Excess control rights;

   Abstract : Using yearly ownership and capital structure data, we estimate control-ownership divergence, due to dual class shares, in the Swedish stock market 2011-2020. We investigate its effect on the firm's choice of debt and debt-to-equity ratio through multivariate regression analysis. READ MORE

3. 2. Ownership Structure's Effect on Dividend Payout Policy - A study on controlling shareholders' effect on dividend payout ratios of Swedish listed firms through a corporate governance perspective

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Matilda Dieden Bengtsson; Mikaela Österberg; [2019]
   Keywords : Ownership Structure; Nasdaq OMX Stockholm; Agency Costs; Dividend Payout; Controlling Shareholder;

   Abstract : Swedish firms' distinct ownership structures with high prevalence of controlling shareholders and separation of ownership and control via the use of dual class shares creates potential for large conflicts of interests between controlling shareholders and minority shareholders. Dividend payouts can act as a device for restricting these agency conflicts by disgorging cash to minority shareholders. READ MORE

4. 3. Controlling minority shareholders' effect on value creation in M&A transactions

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Frida Ericsson; Sofia Knobel; [2018]
   Keywords : M A; Corporate Governance; ; Minority Expropriation; Ownership Structure;

   Abstract : We examine the effect of having a controlling minority shareholder (CMS controller) - who holds a large fraction of a firm's voting rights without a proportional investment in the cash flow rights - on the extent of value creation from M&A transactions in Sweden. The data sample consists of 263 M&A transactions between 2003 and 2013, of which 109 were undertaken by firms with a CMS controller. READ MORE

5. 4. Multiple large shareholders, control contestability and debt maturity : A study on the conflict of interest over debt maturity between minority and large shareholders on the Swedish stock exchange

   University essay from Linköpings universitet/Företagsekonomi; Linköpings universitet/Filosofiska fakulteten

   Author : Maximilian Hamel Wassing; Martin Kenney; [2016]
   Keywords : Agency costs; control contests; cost of capital; debt maturity; debt structure; multiple large shareholders; ownership structure;

   Abstract : Background: Sweden has a tradition of a concentrated ownership structure where many owners use dual asset classes to maintain corporate control by possessing small portions of the dividend rights. Financial literature has shown that these controlling owners find more incentives to divert corporate resources for private use, at the expense of shareholders. READ MORE

6. 5. Performance and Valuation of Family Controlled firms in Sweden

   University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

   Author : André Holmström; Jonathan Israelsson; [2015-07-02]
   Keywords : ;

   Abstract : This thesis examines the effects of family control on firm performance and valuation. The analysis is based on 1473 observations of firms listed at Nasdaq OMX Stockholm over the years 2001-2009. READ MORE