ABSTRACT
The purpose of this study is to determine control premium value on the Polish capital market in the period from 1995 to 2020. Estimates of the legal premium in the raw and standardized version obtained in this study for transactions in which it may be presumed that control in a company was transferred, range between 20.27% and 15.07%. These estimates are even lower for the tender offer premium, amounting to 7.29% (raw tender offer premium) and 5.42% (standardized tender offer premium), respectively. The research confirms that the premiums paid in the Polish public capital market are definitely lower than premiums paid in developed capital markets.
