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%.

"In Switzerland, the existence of a mandatory minimum par value inhibited many companies from splitting their stocks as they already traded at their minimum par value. These Swiss companies could split their stocks only after the legal minimum par value was lowered in July 1992 and again in May...