Bigelli, Marco; Croci, Ettore - In: Journal of Empirical Finance 24 (2013) C, pp. 94-107
privileges into the inferior class of shares. We test and compare it against the standard Relative Price Difference and the … 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 …