Bigelli, Marco; Croci, Ettore - In: Journal of Empirical Finance 24 (2013) C, pp. 94-107
The present paper proposes a new measure of the voting right, the Relative Vote Segment, which incorporates dividend 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...