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Röstförstärkande Mekanismer: En studie om svenskt bolagsägande
Södertörn University, School of Social Sciences.
Södertörn University, School of Social Sciences.
2017 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The ownership structure in Sweden is characterized by a few controlling owners who often base their ownership of a lower capital investment than in many other countries. The separation of ownership and control is determined by control-boosting mechanisms and is a constantly debated topic. These mechanisms are used to control companies without having to bear the bulk of the capital, and the criticism centers around concerns that companies with control-boosting mechanisms are not managed as well as companies without them. The purpose of the study was to examine the use of control enhancing mechanisms and its effect on the market value of Swedish companies on Nasdaq Stockholm. The study adopted a quantitative form with hypotheses testing. The data collection has been made through annual reports of the sample and then statistically tested in SPSS through multiple regression. The use of vote-strong shares was shown to have a strong positive effect on the value of a company. Minor effects proven came from the difference between the largest owner's voting share and capital contribution, and of the percentage of the total votes held by the largest owner. These two, however, counteracted each other in approximately equal amounts. Not offering their vote-strong shares to on the public exchange is suggested to be strongly negative, but this could not be ascertained. Type of ownership and age were both insignificant in their ability to explain company value.

Place, publisher, year, edition, pages
2017. , 40 p.
Keyword [en]
Control enhancing mechanisms, Corporate Governance, Concentrated Ownership, Voice Validation, Pyramid Ownership, Cross Ownership, Agent Theory, Class A Shares, Class B Shares, Dual class shares
Keyword [sv]
Röstförstärkande mekanismer, Bolagsstyrning, Koncentrerat ägande, Röstvärdesdifferentiering, Pyramidägande, Korsägande, Agentteori, A-aktier, B-aktier, Röstdifferentierade aktier.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:sh:diva-32899OAI: oai:DiVA.org:sh-32899DiVA: diva2:1112483
Subject / course
Business Studies
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2017-06-22 Created: 2017-06-20 Last updated: 2017-06-22Bibliographically approved

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fulltext(1272 kB)3 downloads
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File name FULLTEXT01.pdfFile size 1272 kBChecksum SHA-512
846f8fd122e5a1b3822ccbf81b283ac5ef2e0441f8a09198703501e5ccdd3950670419add7259c2166d9d5495930e3117163861321a278ee168da316863b578b
Type fulltextMimetype application/pdf

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf