This experimental paper investigates the impact of emotions on risk and return estimates of stocks. Participants rate … well-known blue-chip firms on an emotional scale and forecast risk and return of the firms' stock. We find that positive … emotions lead to a prediction of high return and low risk, while negative emotions lead to a prediction of low return and high …

of dual-class shares. It contradicts the precept of one-share, one-vote that is essential for corporate democracy …

across the Russell 3000. Third, low-voting shareholders receive a positive risk premium rather than suffering low returns … control-right risk …