Essays about: "Voting Premium"

Showing result 1 - 5 of 6 essays containing the words Voting Premium.

1. 1. The Swedish Voting Premium : Empirical evidence of price spreads in dual-class shares

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Henry Forsman; Linus Werner; [2023]
   Keywords : dual-class firms; dual-class shares; voting premium; voting rights; price spreads; corporate governance; majority ownership; institutional ownership; liquidity;

   Abstract : This paper examines the relative price spreads between dual-class shares issued by the same firm on the Swedish market in order to investigate if a voting premium exists and what factors contribute to it. Previous research has found diverging explanations for the variation in price spreads between dual-class shares. READ MORE

3. 2. The Market Value of Corporate Votes Based on Option Prices - Evidence from Central and Southern Europe

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Laura Fruhmann; Malte Jonas; [2017]
   Keywords : Voting Premium; Control Rights; Private Benefits of Control; Corporate Governance; Shareholder Meetings;

   Abstract : We investigate the value of the right to vote (voting premium) by means of an option-based methodology in Central and Southern Europe on the basis of observations from Germany, Switzerland, the United Kingdom, Italy, France and Spain between 2006 and 2008. We find the mean annualized voting premium on an aggregate country basis to be 1. READ MORE

4. 3. Regulatory Effects on Voting Premiums in Sweden - Explaining the price differential between share classes during a period of legislative change

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Max Carlsén; Hugo Wieslander; [2015]
   Keywords : Dual-class shares; Voting premium; Takeovers; Difference-in-differences; Fair price rule;

   Abstract : This paper explains the voting premium of dual-class firms in Sweden and specifically investigates the effects of a fair price rule, hindering differentiated takeover bids between superior voting shares (Class A) and inferior voting shares (Class B). While Sweden is the country with the highest fraction of dual-class firms in Europe, in recent years, no comprehensive study has been conducted explaining the voting premium. READ MORE

5. 4. Private Benefits of Control in the Technology, Media and Telecommunication Sector

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Giovanni Fantini; [2014]
   Keywords : Private Benefits of Control; TMT; Structural Breaks; Factor Model;

   Abstract : Recent literature suggests that private benefits of control are higher in the media industry than else where, as, at least inderctly, the controlling shareholders of a media company have the power to direct information. But with the explosion of the New Media, which established a new way of sharing communication&information, the landscape of the industry has been clearly revoluzionaized. READ MORE

6. 5. Effect of News on the Voting Premium of Companies Listed on the Stockholm Stock Exchange: A Study of the Voting Premium and its response to the news releases connected to the Companies listed on the Stockholm Stock Exchange

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Nikita Koptyug; Timotheos Mavropoulos; [2008]
   Keywords : Voting Premium; News Releases; Event Study; Marginal Investor; Stockholm Stock Exchange;

   Abstract : The purpose of this paper is to find whether certain categories of news can help in explaining the daily changes in the price differential commonly found between superior and restricted voting stock, otherwise known as the voting premium. We studied the cross section and time-series of the voting premium for 22 companies listed on the Stockholm Stock Exchange. READ MORE