Indirect control and power
Journal Title: Operations Research and Decisions - Year 2016, Vol 26, Issue 2
Abstract
To determine who has the power within a stock corporate company can be a quite complex prob-lem, especially when control is achieved through alliances between shareholders. This problem arises especially in cases of indirect control of corporations, that is, in situations involving shareholders and companies with cross-shareholdings. The first to solve the problem of measuring power in the case of indirect share control were Gianfranco Gambarelli and Guillermo Owen in [10]. In the following years, numerous other models were introduced. In this paper, we critically examine the models of: Gambarelli and Owen, Denti and Prati, Crama and Leruth, Karos and Peters, as well as Mercik and Lobos, taking into account two well-known, illustrative examples, one with an acyclic corporate structure and the other with a cyclic structure.
Authors and Affiliations
Cesarino BERTINI, Jacek MERCIK, Izabella STACH
Keywords
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