Essays about: "control rights and cash flow rights"

Showing result 1 - 5 of 15 essays containing the words control rights and cash flow rights.

  1. 1. Family firms and M&A value creation: Lessons from the Swedish market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Isak Mölzer; Samuel Philip; [2023]
    Keywords : Family firms; Family ownership; M A; Corporate governance;

    Abstract : This study examines the effect of family ownership on acquirer value creation through mergers and acquisitions (M&A) in Sweden. Sweden makes an interesting case with a high presence of family firms, dual-class share structures, and pyramid holdings, along with strong minority shareholder protection. READ MORE

  3. 2. 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

  4. 3. Market Liquidity and Block Holdings - Empirical evidence from the Swedish market

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Mattias Janfjord; Max Lundblom; [2020]
    Keywords : Liquidity; trading activity; ownership structure; blockholders; friction; Business and Economics;

    Abstract : Purpose: Investigate the relation between block ownership and stock liquidity. Methodology: The empirical methods used in this project are of quantitative nature. We use a set of dependent variables representing liquidity measures in order to test how our main explanatory variable, sum of block holdings, affect this. READ MORE

  5. 4. The Impact of Ownership Concentration on M&A Stock Market Performance: A Study of Acquiring Swedish Public Companies

    University essay from Göteborgs universitet/Graduate School

    Author : Gustav Borg; Gustav Zimmerman; [2019-07-02]
    Keywords : Ownership concentration; dual-class shares; corporate governance; mergers and acquisitions; agency cost;

    Abstract : This paper estimates the effects of concentrated ownership of Swedish public companies prior, at and after the announcement of an acquisition. Exploiting the available access to detailed information regarding ownership and control structures in Swedish public companies, we are able to separate voting rights from cash flow rights to estimate ownership concentration. READ MORE

  6. 5. 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