Sökning: "voting premium handelshögskolan"

Hittade 5 uppsatser innehållade orden voting premium handelshögskolan.

  1. 1. 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

  2. 2. 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

  3. 3. 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

  4. 4. 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

  5. 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

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

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

    Sammanfattning : 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. LÄS MER