Majority Voting and Corporate Control: The Rule of the Dominant Shareholder
Citations
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Cited by:
- Azar, José, 2017. "Portfolio Diversification, Market Power, and the Theory of the Firm," IESE Research Papers D/1170, IESE Business School.
- David Kelsey & Frank Milne, 2008.
"Imperfect Competition and Corporate Governance,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(6), pages 1115-1141, December.
- Milne, Frank & Kelsey, David, 2006. "Imperfect Competition and Corporate Governance," Queen's Economics Department Working Papers 273555, Queen's University - Department of Economics.
- David Kelsey & Frank Milne, 2006. "Imperfect Competition And Corporate Governance," Working Paper 1079, Economics Department, Queen's University.
- Hervé Crès & Mich Tvede, 2011. "Production externalities: internalization by voting," Sciences Po Economics Publications (main) hal-00972983, HAL.
- Mich Tvede & Hervé Crès, 2001. "Voting in Assemblies of shareholders and Incomplete Markets," SciencePo Working papers hal-01064884, HAL.
- Sabarwal Tarun, 2007.
"Value Maximization as an Ex-Post Consistent Firm Objective When Markets are Incomplete,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 7(1), pages 1-21, January.
- Tarun Sabarwal, 2004. "Value Maximization As An Ex Post Consistent Firm Objective When Markets are Incomplete," GE, Growth, Math methods 0406002, University Library of Munich, Germany, revised 13 May 2005.
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"The Shared Costs of Pursuing Shareholder Values,"
Papers
2103.12138, arXiv.org, revised Feb 2026.
- Fioretti, Michele & Saint-Jean, Victor & Smith, Simon C., 2025. "The shared costs of pursuing shareholder values," Working Papers 362, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Mukherjee, Rahul, 2015.
"Institutions, Corporate Governance and Capital Flows,"
Journal of International Economics, Elsevier, vol. 96(2), pages 338-359.
- Rahul Mukherjee, 2011. "Country Portfolios with Imperfect Corporate Governance," IHEID Working Papers 08-2011, Economics Section, The Graduate Institute of International Studies.
- Rahul Mukherjee, 2013. "Institutions, Corporate Governance and Capital Flows," IHEID Working Papers 10-2013, Economics Section, The Graduate Institute of International Studies.
- Hervé Crès & Mich Tvede, 2005. "Portfolio Diversification and Internalization of Production Externalities through Majority Voting," SciencePo Working papers hal-01065579, HAL.
- Thomas Renstrom & Erkan Yalcin, 2002. "Endogenous Firm Objectives," Industrial Organization 0204001, University Library of Munich, Germany.
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- Guido Ruta & Piero Gottardi, 2009.
"Equilibrium corporate finance,"
2009 Meeting Papers
149, Society for Economic Dynamics.
- Alberto Bisin & Piero Gottardi & Guido Ruta, 2010. "Equilibrium Corporate Finance," Economics Working Papers ECO2010/01, European University Institute.
- Ernst Maug & Bilge Yilmaz, "undated". "Two-Class Voting: A Mechanism for Conflict Resolution?," Rodney L. White Center for Financial Research Working Papers 4-00, Wharton School Rodney L. White Center for Financial Research.
- Mikami, Kazuhiko, 1999. "Proxy contests and corporate democracy," Journal of Economic Behavior & Organization, Elsevier, vol. 40(4), pages 353-371, December.
- Bisin, Alberto; & Gottardi, Piero; & Ruta, Guido, 2014.
"Equilibrium corporate finance and intermediation,"
Economics Working Papers
ECO2014/09, European University Institute.
- Piero Gottardi & Guido Ruta & Alberto Bisin, 2015. "Equilibrium Corporate Finance and Intermediation," 2015 Meeting Papers 358, Society for Economic Dynamics.
- A. De Waegenaere & H. Polemarchakis & L. Ventura, 2002.
"Asset Markets and Investment Decisions,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(3), pages 857-873, August.
- A. De Waegenaere & Heracles M. Polemarchakis & L. Ventura, 1997. "Asset Markets and Investment Decisions," Cowles Foundation Discussion Papers 1147, Cowles Foundation for Research in Economics, Yale University.
- Han, Hongwen & Tang, Jiali Jenna & Tang, Qingquan, 2024. "The role of large shareholders in goodwill impairment decisions – Evidence from China," Emerging Markets Review, Elsevier, vol. 59(C).
- Hervé Crès & Mich Tvede, 2001.
"Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent,"
Working Papers
hal-01065004, HAL.
- CRES, Herve & TVEDE, Mich, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," HEC Research Papers Series 726, HEC Paris.
- Hervé Crès & Mich Tvede, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," Working Papers hal-00597200, HAL.
- Erkan Yalçin & Thomas I. Renström, 2003. "Endogenous Firm Objectives," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 5(1), pages 67-94, January.
- Beker, Pablo F., "undated".
"Market Selection And Payout Policy Under Majority Rule,"
Economic Research Papers
269763, University of Warwick - Department of Economics.
- Beker, Pablo F, 2007. "Market Selection and Payout Policy Under Majority Rule," The Warwick Economics Research Paper Series (TWERPS) 814, University of Warwick, Department of Economics.
- Hervé Crès & Mich Tvede, 2005. "Portfolio Diversification and Internalization of Production Externalities through Majority Voting," Sciences Po Economics Publications (main) hal-01065579, HAL.
- Lee, Kyounghun & Oh, Frederick Dongchuhl, 2024. "Shareholder voting and efficient corporate decision-making," Research in Economics, Elsevier, vol. 78(4).
- Hervé Crès & Mich Tvede, 2004.
"The Drèze and Grossman-Hart criteria for production in incomplete markets: Voting foundations and compared political stability,"
Working Papers
hal-00591676, HAL.
- CRES, Hervé & TVEDE, Mich, 2004. "The Dreze and Grossman-Hart criteria for production in incomplete markets: Voting foundations and compared political stability," HEC Research Papers Series 794, HEC Paris.
- Ping‐Lun Tseng & Wen‐Chung Guo, 2022. "Bank risk‐taking in a mixed duopoly: The role of the state‐owned bank," International Review of Finance, International Review of Finance Ltd., vol. 22(4), pages 688-724, December.
- repec:spo:wpmain:info:hdl:2441/10283 is not listed on IDEAS
- Hervé Crès & Mich Tvede, 2009. "Production in incomplete markets: Expectations matter for political stability," Sciences Po Economics Publications (main) hal-01022731, HAL.
- Kelsey, David & Milne, Frank, 1996. "The existence of equilibrium in incomplete markets and the objective function of the firm," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 229-245.
- Hervé Crès & Mich Tvede, 2013.
"Production externalities: internalization by voting,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(2), pages 403-424, June.
- Hervé Crès & Mich Tvede, 2011. "Production externalities: internalization by voting," Working Papers hal-00972983, HAL.
- repec:spo:wpecon:info:hdl:2441/eu4vqp9ompqllr09ieq060086 is not listed on IDEAS
- VENTURA, Luigi, 1998. "Investment decisions and normalization with incomplete markets: a remark," LIDAM Discussion Papers CORE 1998028, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Doron Levit & Nadya Malenko & Ernst Maug, 2024.
"Trading and Shareholder Democracy,"
Journal of Finance, American Finance Association, vol. 79(1), pages 257-304, February.
- Levit, Doron & Malenko, Nadya & Maug, Ernst, 2022. "Trading and shareholder democracy," CEPR Discussion Papers 14039, C.E.P.R. Discussion Papers.
- Crès, Hervé & Tvede, Mich, 2009.
"Production in incomplete markets: Expectations matter for political stability,"
Journal of Mathematical Economics, Elsevier, vol. 45(3-4), pages 212-222, March.
- Hervé Crès & Mich Tvede, 2009. "Production in incomplete markets: Expectations matter for political stability," Post-Print hal-01022731, HAL.
- Hervé Crès & Mich Tvede, 2009. "Production in Incomplete Markets: Expectations Matter for Political Stability," Discussion Papers 09-01, University of Copenhagen. Department of Economics.
- Guo, Wen-Chung & Tseng, Ping-Lun, 2023. "COVID-19, bank risk, and capital regulation: The aggregate shock and social distancing," The Quarterly Review of Economics and Finance, Elsevier, vol. 92(C), pages 155-173.
- Hervé Crès, 2000. "Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem," Sciences Po Economics Publications (main) hal-01064883, HAL.
- Katsushi Nakajima, 2022. "Equilibrium pricing of commodity spot and forward under incomplete markets with implications on convenience yield," Annals of Finance, Springer, vol. 18(1), pages 35-80, March.
- Hervé Crès & Mich Tvede, 2005.
"Portfolio Diversification and Internalization of Production Externalities through Majority Voting,"
Working Papers
hal-01065579, HAL.
- Crès, Hervé & Tvede, Mich, 2006. "Portfolio diversification and internalization of production externalities through majority voting," HEC Research Papers Series 816, HEC Paris.
- Hervé Crès & Mich Tvede, 2005. "Portfolio Diversification and Internalization of Production Externalities through Majority Voting," Working Papers hal-00587205, HAL.
- Malenko, Nadya & Levit, Doron & Maug, Ernst, 2021.
"The voting premium,"
CEPR Discussion Papers
15718, C.E.P.R. Discussion Papers.
- Doron Y. Levit & Nadya Malenko & Ernst G. Maug, 2023. "The Voting Premium," NBER Working Papers 31892, National Bureau of Economic Research, Inc.
- Mich Tvede & Hervé Crés, 2005.
"Voting in assemblies of shareholders and incomplete markets,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 887-906, November.
- Hervé Crès & Mich Tvede, 2001. "Voting in Assemblies of Shareholders and Incomplete Markets," Working Papers hal-00597193, HAL.
- Mich Tvede & Hervé Crès, 2001. "Voting in Assemblies of shareholders and Incomplete Markets," Working Papers hal-01064884, HAL.
- Mich Tvede & Hervé Crès, 2004. "Voting in Assemblies of Shareholders and Incomplete Markets," Discussion Papers 04-09, University of Copenhagen. Department of Economics.
- CRES, Herve & TVEDE, Mich, 2001. "Voting in assemblies of shareholders and incomplete markets," HEC Research Papers Series 722, HEC Paris.
- repec:spo:wpmain:info:hdl:2441/10284 is not listed on IDEAS
- Stefano Demichelis & Klaus Ritzberger, 2011. "A general equilibrium analysis of corporate control and the stock market," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 46(2), pages 221-254, February.
- Hervé Crès, 2000.
"Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem,"
Working Papers
hal-00598173, HAL.
- Hervé Crès, 2000. "Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem," Working Papers hal-01064883, HAL.
- CRES, Herve, 2000. "Majority stable production equilibria : a multivariate mean shareholders theorem," HEC Research Papers Series 706, HEC Paris.
- Alberto Bisin & Gian Luca Clementi & Piero Gottardi, 2014.
"Capital Structure and Hedging Demand with Incomplete Markets,"
NBER Working Papers
20345, National Bureau of Economic Research, Inc.
- Bisin, Alberto & Clementi, Gian Luca & Gottardi, Piero, 2022. "Capital Structure and Hedging Demand with Incomplete Markets," CEPR Discussion Papers 16968, C.E.P.R. Discussion Papers.
- Stefano Demichelis & Klaus Ritzberger, 2007. "Corporate Control and the Stock Market," Carlo Alberto Notebooks 60, Collegio Carlo Alberto.
- repec:spo:wpecon:info:hdl:2441/10282 is not listed on IDEAS
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- Hnatkovska, Viktoria, 2010. "Home bias and high turnover: Dynamic portfolio choice with incomplete markets," Journal of International Economics, Elsevier, vol. 80(1), pages 113-128, January.
- Volker Britz & P. Herings & Arkadi Predtetchinski, 2013.
"A bargaining theory of the firm,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 54(1), pages 45-75, September.
- BRITZ, Volker & HERINGS, P. Jean-Jacques & PREDTETCHINSKI, Arkadi, 2013. "A bargaining theory of the firm," LIDAM Reprints CORE 2621, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Hervé Crès, 2000. "Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem," SciencePo Working papers hal-01064883, HAL.
- Luigi Ventura, 2004. "Investment Decisions and Normalization with Incomplete Markets: A Pitfall in Aggregating Shareholders' Preferences," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 3(1), pages 21-28, April.
- Hervé Crès & Mich Tvede, 2009. "Production in incomplete markets: Expectations matter for political stability," SciencePo Working papers hal-01022731, HAL.
- L. Marsiliani & X. Liu & Л. Марсилиани & К. Лю, 2017. "Структура Акционерного Капитала И Степень Эксплуатации Нефтяных Месторождений // Share-Ownership Distribution And Extraction Rate Of Petroleum In Oil Fields," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(1), pages 42-53.
- repec:spo:wpmain:info:hdl:2441/10282 is not listed on IDEAS
- Renström, Thomas I & Yalcin, Erdal, 2002. "Endogenous Firm Objectives," CEPR Discussion Papers 3361, C.E.P.R. Discussion Papers.
- repec:spo:wpmain:info:hdl:2441/eu4vqp9ompqllr09ieq060086 is not listed on IDEAS
- Stylianos Artsidakis & Yiannis Thalassinos & Theofanis Petropoulos & Konstantinos Liapis, 2022. "Optimum Structure of Corporate Groups," JRFM, MDPI, vol. 15(2), pages 1-16, February.
- Eva Carceles-Poveda, 2009.
"Asset Prices and Business Cycles under Market Incompleteness,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 405-422, July.
- Eva Carceles, 2000. "Asset Prices And Business Cycles Under Market Incompleteness," Computing in Economics and Finance 2000 364, Society for Computational Economics.
- Eva Carceles-Poveda, 2008. "Code and data files for "Asset Prices and Business Cycles under Market Incompleteness"," Computer Codes 05-114, Review of Economic Dynamics.
- Hervé Crès & Mich Tvede, 2023. "Corporate self-regulation of imperfect competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(4), pages 1181-1205, May.
- Britz, V. & Herings, P.J.J. & Predtetchinski, A., 2010. "Theory of the firm: bargaining and competitive equilibrium," Research Memorandum 057, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Nicolas Caramp & Julian Kozlowski & Keisuke Teeple, 2022. "Liquidity and Investment in General Equilibrium," Working Papers 2022-022, Federal Reserve Bank of St. Louis, revised 07 Jun 2024.
- Hervé Crès & Mich Tvede, 2011. "Production externalities: internalization by voting," SciencePo Working papers hal-00972983, HAL.
- Hervé Crès & Mich Tvede, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," SciencePo Working papers hal-01065004, HAL.
- Azar, José & Schmalz, Martin & Tecu, Isabel, 2017. "Anti-Competitive Effects of Common Ownership," IESE Research Papers D/1169, IESE Business School.
- Mich Tvede & Hervé Crès, 2001. "Voting in Assemblies of shareholders and Incomplete Markets," Sciences Po Economics Publications (main) hal-01064884, HAL.
- repec:spo:wpmain:info:hdl:2441/10281 is not listed on IDEAS
- Dow,Gregory K., 2019.
"The Labor-Managed Firm,"
Cambridge Books,
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- Dow,Gregory K., 2018. "The Labor-Managed Firm," Cambridge Books, Cambridge University Press, number 9781107132979, Enero-Abr.
- Ernst Maug & Bilge Yilmaz, "undated". "Two-Class Voting: A Mechanism for Conflict Resolution?," Rodney L. White Center for Financial Research Working Papers 04-00, Wharton School Rodney L. White Center for Financial Research.
- Thomas Renstrom & Erkan Yalcin, "undated". "Endogeneous Firm Objectives," Wallis Working Papers WP27, University of Rochester - Wallis Institute of Political Economy.
- Michael Zierhut, 2017. "Constrained efficiency versus unanimity in incomplete markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 23-45, June.
- Hervé Crès & Mich Tvede, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," Sciences Po Economics Publications (main) hal-01065004, HAL.
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2006.
"Are Incomplete Markets Able to Achieve Minimal Efficiency?,"
Studies in Economic Theory, in: Christian Schultz & Karl Vind (ed.), Institutions, Equilibria and Efficiency, chapter 7, pages 117-129,
Springer.
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2005. "Are incomplete markets able to achieve minimal efficiency?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 25(1), pages 75-87, January.
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2002. "Are Incomplete Markets Able to Achieve Minimal Efficiency?," Discussion Papers 03-09, University of Copenhagen. Department of Economics.
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2002. "Are Incomlete Markets Able to Achieve Minimal Efficiency?," Vienna Economics Papers 0212, University of Vienna, Department of Economics.
- Ritzberger, Klaus, 2005. "Shareholder voting," Economics Letters, Elsevier, vol. 86(1), pages 69-72, January.
- repec:spo:wpecon:info:hdl:2441/10283 is not listed on IDEAS
- repec:spo:wpecon:info:hdl:2441/10267 is not listed on IDEAS
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2006.
"Are Incomplete Markets Able to Achieve Minimal Efficiency?,"
Studies in Economic Theory, in: Christian Schultz & Karl Vind (ed.), Institutions, Equilibria and Efficiency, chapter 7, pages 117-129,
Springer.
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2005. "Are incomplete markets able to achieve minimal efficiency?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 25(1), pages 75-87, January.
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2002. "Are Incomplete Markets Able to Achieve Minimal Efficiency?," Discussion Papers 03-09, University of Copenhagen. Department of Economics.
- Egbert Dierker & Hildegard Dierker & Birgit Grodal, 2002. "Are Incomplete Markets Able to Achieve Minimal Efficiency?," Vienna Economics Papers vie0212, University of Vienna, Department of Economics.
- Egbert Dierker & Hildegard Dierker, 2012.
"Ownership structure and control in incomplete market economies with transferable utility,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(3), pages 713-728, November.
- Egbert Dierker & Hildegard Dierker, 2011. "Ownership structure and control in incomplete market economies with transferable utility," Vienna Economics Papers vie1106, University of Vienna, Department of Economics.
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