Search Results - subject:"Dual Class Shares"

Non-voting shares in France: An empirical analysis of the voting premium

Muus, Christian - 1998

It is the objective of this paper to determine the voting premium for French shares by comparing the values of voting and non-voting shares, and to analyze the value of the voting rights. The study uses data for 25 French companies which had both types of shares outstanding and traded on the...

Persistent link: https://www.econbiz.de/10010316303

Pension Reform, Ownership Structure, and Corporate Governance: Evidence from Sweden

Giannetti, Mariassunta; Laeven, Luc - C.E.P.R. Discussion Papers - 2007

Sweden offers a unique natural experiment to analyze the microeconomic effects of institutionalized saving on ownership structure, corporate governance and performance of listed companies. First, the Swedish pension reform increased the participation of pension funds in the domestic stock market...

Persistent link: https://www.econbiz.de/10005662367

The Principle of Proportionality

Bennedsen, Morten; Meisner; Kasper; Nielsen - Økonomisk Institut, Copenhagen Business School - 2006

Claessens et al. (2002). Second, we show that dual class shares have a larger and more significant negative effect on firm value … inversely related to the level of investor protection. Thus, dual class shares and pyramids substitute legal protection in …

Persistent link: https://www.econbiz.de/10005645234

The Principle of Proportionality: Separating the Impact of Dual Class Shares, Pyramids and Cross-ownership on Firm Value Across Legal Regimes in Western Europe

Bennedsen, Morten; Nielsen, Kasper - Centre for Industrial Economics (CIE), Økonomisk Institut - 2005

Persistent link: https://www.econbiz.de/10005749449

The Impact of a Break-Through Rule on European Firms

Bennedsen, Morten; Nielsen, Kasper - In: European Journal of Law and Economics 17 (2004) 3, pp. 259-283

Persistent link: https://www.econbiz.de/10005705196

A Regulation of Bids for Dual Class Shares. Implication: Two Sharesâ€”One Price

Bechmann, Ken; Raaballe, Johannes - In: European Journal of Law and Economics 15 (2003) 1, pp. 17-46

Persistent link: https://www.econbiz.de/10005674382