| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Block Transaction Premia and Partial Private Benefits. An Empirical Investigation | |
| Alessandro Sembenelli; Giovanna Nicodano | |
| 发表日期 | 1997 |
| 出处 | Economy and Society |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | Following Zwiebel (1995) and Zingales (1995) the block premium is related to the share of total control rents which is being transferred through a block transaction relative to the share of control rents enjoyed by the market. The former share is measured by the difference in the seller's (the buyer's) power index before and after the transaction. Unobservable control rents are estimated by resorting to balance sheet figures which, according to the literature on corporate control, should be correlated with them. Estimates of such a pricing equation are based on a sample of block transactions of listed Italian companies. Implied control rents are also recovered. |
| 特色分类 | G32,G12,G34 |
| 关键词 | Shapley values,Control rents,Ownership structure |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/block-transaction-premia-and-partial-private-benefits-an-empirical-investigation/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116265 |
| 推荐引用方式 GB/T 7714 | Alessandro Sembenelli,Giovanna Nicodano. Block Transaction Premia and Partial Private Benefits. An Empirical Investigation. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL1997-066.pdf（81KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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