The model in this paper uses UK data from 1994 to 2005 (8559 observations) with the aim to expand on the available literature that suggests a positive effect of R&D activities and dividend payments on firms' value by considering three additional aspects that differ from previous research. First,...

This paper investigates the importance of ultimate control in determining corporate value in a sample of UK firms. Specifically, it examines the value relevance of three aspects: shareholdings with higher voting rights than cash flow rights; individual ultimate controllers; and mechanisms to...