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Control and voting power in corporate networks: Concepts and computational aspects

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  • Crama, Yves
  • Leruth, Luc

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  • Crama, Yves & Leruth, Luc, 2007. "Control and voting power in corporate networks: Concepts and computational aspects," European Journal of Operational Research, Elsevier, vol. 178(3), pages 879-893, May.
    • Handle: RePEc:eee:ejores:v:178:y:2007:i:3:p:879-893
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    2. Pohjola, Matti, 1988. " Concentration of Shareholder Voting Power in Finnish Industrial Companies," Scandinavian Journal of Economics, Wiley Blackwell, vol. 90(2), pages 245-253.
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    7. Pradeep Dubey & Ezra Einy & Ori Haimanko, 2003. "Compound Voting and the Banzhaf Power Index," Discussion Paper Series dp333, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    8. Hu, Xingwei & Shapley, Lloyd S., 2003. "On authority distributions in organizations: equilibrium," Games and Economic Behavior, Elsevier, vol. 45(1), pages 132-152, October.
    9. Dennis Leech, 2003. "Computing Power Indices for Large Voting Games," Management Science, INFORMS, vol. 49(6), pages 831-837, June.
    10. Dan S. Felsenthal & Moshé Machover, 1998. "The Measurement of Voting Power," Books, Edward Elgar Publishing, number 1489.
    11. Dennis Leech, 2002. "An Empirical Comparison of the Performance of Classical Power Indices," Political Studies, Political Studies Association, vol. 50(1), pages 1-22, March.
    12. Laruelle, Annick & Widgren, Mika, 1998. "Is the Allocation of Voting Power among EU States Fair?," Public Choice, Springer, vol. 94(3-4), pages 317-339, March.
    13. Pradeep Dubey & Lloyd S. Shapley, 1979. "Mathematical Properties of the Banzhaf Power Index," Mathematics of Operations Research, INFORMS, vol. 4(2), pages 99-131, May.
    14. Dennis Leech, 1988. "The Relationship Between Shareholding Concentration and Shareholder Voting Power in British Companies: A Study of the Application of Power Indices for Simple Games," Management Science, INFORMS, vol. 34(4), pages 509-527, April.
    15. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    16. Mr. Luc E. Leruth & Mr. Yougesh Khatri & Ms. J. Piesse, 2002. "Corporate Performance and Governance in Malaysia," IMF Working Papers 2002/152, International Monetary Fund.
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    21. Stijn Claessens & Simeon Djankov & Joseph P. H. Fan & Larry H. P. Lang, 2002. "Disentangling the Incentive and Entrenchment Effects of Large Shareholdings," Journal of Finance, American Finance Association, vol. 57(6), pages 2741-2771, December.
    22. Crama, Y. & Leruth, L. & Renneboog, L.D.R., 2003. "Corporate control concentration measurement and firm performance," Discussion Paper 17, Tilburg University, Tilburg Law and Economic Center.
    23. Goles, E. & Tchuente, M., 1983. "Iterative behaviour of generalized majority functions," Mathematical Social Sciences, Elsevier, vol. 4(3), pages 197-204, July.
    24. Leech, Dennis, 2002. "Voting Power In The Governance Of The International Monetary Fund," Economic Research Papers 269354, University of Warwick - Department of Economics.
    25. Cubbin, John S & Leech, Dennis, 1983. "The Effect of Shareholding Dispersion on the Degree of Control in British Companies: Theory and Measurement," Economic Journal, Royal Economic Society, vol. 93(37), pages 351-369, June.
    26. Sanford J. Grossman & Oliver D. Hart, 1980. "Takeover Bids, the Free-Rider Problem, and the Theory of the Corporation," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 42-64, Spring.
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    28. Claessens, Stijn & Djankov, Simeon & Lang, Larry H. P., 2000. "The separation of ownership and control in East Asian Corporations," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 81-112.
    29. Dennis Leech & Miguel Manjon, 2003. "Corporate governance and game theoretic analyses of shareholder power: the case of Spain," Applied Economics, Taylor & Francis Journals, vol. 35(7), pages 847-858.
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    Cited by:

    1. Arcagni, Alberto & Grassi, Rosanna & Stefani, Silvana & Torriero, Anna, 2017. "Higher order assortativity in complex networks," European Journal of Operational Research, Elsevier, vol. 262(2), pages 708-719.
    2. Leruth, Luc & Mazarei, Adnan & Regibeau, Pierre & Renneboog, Luc, 2022. "Green Energy Depends on Critical Minerals. Who Controls the Supply Chains?," Discussion Paper 2022-024, Tilburg University, Center for Economic Research.
    3. Berghammer, Rudolf & Rusinowska, Agnieszka & de Swart, Harrie, 2010. "Applying relation algebra and RelView to measures in a social network," European Journal of Operational Research, Elsevier, vol. 202(1), pages 182-195, April.
    4. Takayuki Mizuno & Shohei Doi & Shuhei Kurizaki, 2020. "The power of corporate control in the global ownership network," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-19, August.
    5. Gusev, Vasily V., 2023. "Set-weighted games and their application to the cover problem," European Journal of Operational Research, Elsevier, vol. 305(1), pages 438-450.
    6. Levy, Marc, 2011. "The Banzhaf index in complete and incomplete shareholding structures: A new algorithm," European Journal of Operational Research, Elsevier, vol. 215(2), pages 411-421, December.
    7. Marc Lévy, 2010. "La «Pax Electrica» a-t-elle réduit le contrôle de Suez sur Elia, le transporteur belge d’électricité?," Revue Finance Contrôle Stratégie, revues.org, vol. 13(4), pages 139-159, December.
    8. Marc Levy & Ariane Szafarz, 2017. "Cross-Ownership: A Device for Management Entrenchment?," Review of Finance, European Finance Association, vol. 21(4), pages 1675-1699.
    9. Karos, Dominik & Peters, Hans, 2015. "Indirect control and power in mutual control structures," Games and Economic Behavior, Elsevier, vol. 92(C), pages 150-165.
    10. Karos, Dominik & Peters, Hans, 2018. "Effectivity and power," Games and Economic Behavior, Elsevier, vol. 108(C), pages 363-378.
    11. Flores Díaz, Ramón Jesús & Molina, Elisenda & Tejada, Juan, 2013. "The Shapley group value," DES - Working Papers. Statistics and Econometrics. WS ws133430, Universidad Carlos III de Madrid. Departamento de Estadística.
    12. Crama, Yves & Hübner, Georges & Leruth, Luc & Renneboog, Luc, 2021. "Identifying Ultimate Beneficial Owners : A Risk-Based Approach to Improving the Transparency of International Financial Flows," Discussion Paper 2021-027, Tilburg University, Center for Economic Research.
    13. Ching Yi Yeh & Tai Ma, 2012. "Why Do Insiders Sometimes Pay More And Sometimes Pay Less In Private Placements?," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 6(2), pages 35-52.
    14. Stylianos Artsidakis & Yiannis Thalassinos & Theofanis Petropoulos & Konstantinos Liapis, 2022. "Optimum Structure of Corporate Groups," JRFM, MDPI, vol. 15(2), pages 1-16, February.
    15. Marc Levy & Ariane Szafarz, 2011. "Corporate Control with Cross-Ownership," Working Papers CEB 11-053, ULB -- Universite Libre de Bruxelles.
    16. Jung, Jihye & Choi, In-Chan, 2022. "A multi-objective optimization model for dissolving circular shareholdings in Korean conglomerates," Socio-Economic Planning Sciences, Elsevier, vol. 82(PB).
    17. Vasily V. Gusev, 2021. "Set-weighted games and their application to the cover problem," HSE Working papers WP BRP 247/EC/2021, National Research University Higher School of Economics.

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