A binomial model for the valuation of corporate voting rights
Article Abstract:
The value that an individual shareholder gives to voting rights is modeled using general assumptions about control and the existence of a heterogeneity of investor opinions about competitors for corporate control. The models show that an investor's conception of value during voting would depend on his estimate of the wealth benefits that would accrue to him as a result of the outcome of the election. Results are consistent with conclusions derived from other empirical studies.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 1996
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Share valuation under geometric Brownian motion with a Poisson imputation tax change
Article Abstract:
The ability to ascertain share valuation is highly dependant on dividends. A model for determining this information can be constructed using geometric Brownian motion, with tax changes accounted for with a Poisson process. This theoretical application is a contribution to research involving tax-adjusted share valuation.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 1998
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The market valuation and trading volume effects of the creation of the Florida Hurricane Catastrophe Fund on property-liability insurers
Article Abstract:
Research is presented concerning the reactions of investors to the establishment of the Florida Hurricane Catastrophe Fund in November 1993. Share price reactions to legislative events are discussed.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2001
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