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- © University of Latvia, 2002-2012
Article
Empirical Analysis of Control Premium on Polish Capital Market within Years 1995-2009
Katarzyna Byrka-Kita
ABSTRACT. The purpose of this paper is to determine control premium value on the Polish capital market in the period from 1995 to 2009. The research methodology was proposed originally by Barclay and Holderness, which was later modified by Dyck and Zingales, Nicodano and Sembenelli and Massari, Monge and Zanetti. As in the case of the above-mentioned researchers, attention has been focused on block transactions; nevertheless, a process of transaction selection for the survey sample has been modified.
KEYWORDS: control premium, transfer in corporate control, value of control, business valuation, Poland.
JEL classification: G32, G34, G39.