The aim of the present work is build a new method of determining the threshold participation that allows the shareholder to exercise control. The idea arises from the analysis of the several researches developed in the literature, mostly based on measurements of cutoff that are indistinct for companies and in most cases aren’t supported by theoretical topics and empirical evidences. In particular this survey uses all Italian listed companies as reference, and the minutes of ordinary and extraordinary shareholders’ meetings, in 2009-2012, as database The argument can be enriched with further and future researches aimed to adapt this new method in a cross-country investigation, that comes to identify different cut-off for countries, on the basis the different national laws regarding the ownership that affect the control.
La partecipazione cut-off per esercitare il controllo
INTRISANO, Carmelo
2012-01-01
Abstract
The aim of the present work is build a new method of determining the threshold participation that allows the shareholder to exercise control. The idea arises from the analysis of the several researches developed in the literature, mostly based on measurements of cutoff that are indistinct for companies and in most cases aren’t supported by theoretical topics and empirical evidences. In particular this survey uses all Italian listed companies as reference, and the minutes of ordinary and extraordinary shareholders’ meetings, in 2009-2012, as database The argument can be enriched with further and future researches aimed to adapt this new method in a cross-country investigation, that comes to identify different cut-off for countries, on the basis the different national laws regarding the ownership that affect the control.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
