Sökning: "Voting Premium"

Visar resultat 1 - 5 av 8 uppsatser innehållade orden Voting Premium.

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

   Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

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

   Sammanfattning : 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. LÄS MER

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

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

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

   Sammanfattning : 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. LÄS MER

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

   C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

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

   Sammanfattning : 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. LÄS MER

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

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

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

   Sammanfattning : 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. LÄS MER

7. 5. Röstpremien - premien för aktiens rösträtt

   C-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Författare :Johan Spennare; Andreas Elvelin; [2013]
   Nyckelord :Oceanic games; Voting premium; Voting differential; Liquidity; Sweden;

   Sammanfattning : This thesis aims to investigate the voting premium for companies differentiating voting rights between share classes on the Stockholm Stock Exchange. The voting premium represents the value of a vote attached to the share. The voting premium can be estimated from the price premium between two listed share classes with differentiated voting rights. LÄS MER