Premia z tytułu kontroli na polskim rynku kapitałowym – wyniki badań
Premia z tytułu kontroli na polskim rynku kapitałowym – wyniki badań

Summary/Abstract: This paper investigates control premium paid on Polish capital market. Depending on the reference date control premium may represent benefits accruing to all shareholders in the proportion to their fractional ownership or private benefits the controlling shareholder alone is able to extract from the company to the detriment of dispersed shareholders. The methodology of the research was pioneered by Barclay and Holderness [1989]. The subsample where the control premium turned out to be the highest are the situations when block transactions resulted in change of controlling shareholder.

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