Bigelli, Marco; Croci, Ettore - In: Journal of Empirical Finance 24 (2013) C, pp. 94-107
Nenova (2003) measure using 1998–2008 data from Italy, a country where dividend privileges are relevant. Results show that … when dividend privileges are considered, the average voting right equals +35.63%, while its estimated value corresponds to …The present paper proposes a new measure of the voting right, the Relative Vote Segment, which incorporates dividend …
