The source and value of voting rights and related dividend promises

Cox, Steven R.; Roden, Dianne M.

The source and value of voting rights and related dividend promises

dc.contributor.author	Cox, Steven R.
dc.contributor.author	Roden, Dianne M.
dc.date.accessioned	2010-04-26T16:19:25Z
dc.date.available	2010-04-26T16:19:25Z
dc.date.issued	2002
dc.description.abstract	This paper examines the relative share pricing of 98 firms with two classes of common stock trading in the United States from 1984 to 1999. The firms feature common stock classes with differential voting rights and, in some cases, differential rights to dividends. The observed voting premiums are higher than those reported in previous studies of U.S. firms and are dependent on the form of dividend promise to the low-vote shareholder. The voting premium is higher in the presence of a control threat, when insiders do not hold controlling voting power, and during periods of poor firm performance.	en
dc.identifier.citation	"The Source of Value of Voting Rights and Related Dividend Promises," co-authored with Steven Cox, Journal of Corporate Finance, vol 8, 2002: 337-351.*	en
dc.identifier.uri	https://hdl.handle.net/2022/6919
dc.language.iso	en_US	en
dc.publisher	Elsevier	en
dc.subject	Dividends	en
dc.subject	Ownership structure	en
dc.subject	Dual-class	en
dc.subject	Voting Rights	en
dc.title	The source and value of voting rights and related dividend promises	en
dc.type	Article	en

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