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The Origin of Corporate Control Power

Author

Listed:
  • Jie He
  • Min Wang

Abstract

We discover that the probability of a shareholder possessing optimal control power evolves in Fibonacci sequence pattern and emerges as the simple harmonic oscillation of 1/2 - 2/3- 1/2 in 12 operations. This novel feature suggests the efficiency of the allocation of corporate shareholders' right and power. Data on the Chinese stock market support this prediction.

Suggested Citation

  • Jie He & Min Wang, 2021. "The Origin of Corporate Control Power," Papers 2106.01681, arXiv.org, revised Jan 2026.
    • Handle: RePEc:arx:papers:2106.01681
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    File URL: https://arxiv.org/pdf/2106.01681
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    References listed on IDEAS

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    5. repec:cup:apsrev:v:48:y:1954:i:03:p:787-792_00 is not listed on IDEAS
    6. Nenova, Tatiana, 2003. "The value of corporate voting rights and control: A cross-country analysis," Journal of Financial Economics, Elsevier, vol. 68(3), pages 325-351, June.
    7. Lin, Chen & Ma, Yue & Malatesta, Paul & Xuan, Yuhai, 2013. "Corporate ownership structure and the choice between bank debt and public debt," Journal of Financial Economics, Elsevier, vol. 109(2), pages 517-534.
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    Cited by:

    1. Giraldo, Iader & Turner, Philip, 2022. "The Dollar Debt of Companies in Latin America: the warning signs," National Institute of Economic and Social Research (NIESR) Discussion Papers 534, National Institute of Economic and Social Research.

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