Factors Affecting the Value of the Stock Voting Right: Evidence from the Swiss Equity Market
研究发现瑞士投票股比无投票股溢价13%,扣除流动性和转让限制后,纯投票权价值约18%。
In Switzerland, voting share sell for 13% more than nonvoting shares. After allowing for differences in liquidity and transferability restrictions, the pure voting right itself is worth about 18%.