- Autor
- Bertini Cesarino (University of Bergamo, Italy), Mercik Jacek (WSB University in Wrocław, Poland), Stach Izabella (AGH University of Science and Technology Kraków, Poland)
- Tytuł
- Indirect Control and Power
- Źródło
- Operations Research and Decisions, 2016, vol. 26, no. 2, s. 7-30, rys., tab., bibliogr. 21 poz.
- Słowa kluczowe
- Korporacje, Kontrola, Modele matematyczne, Teoria gier
Corporation, Control, Mathematical models, Game theory - Uwagi
- summ.
- Abstrakt
- To determine who has the power within a stock corporate company can be a quite complex problem, 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. (original abstract)
- Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu - Pełny tekst
- Pokaż
- Bibliografia
-
- BANZHAF J.F., Weighted voting doesn't work. A mathematical analysis, Rutgers Law Review, 1965, 19, 317.
- BERTINI C., GAMBARELLI G., STACH I., Power indices in politics and finance, Bollettino dei docenti di matematica UIM-CDC, 2016, 72, 9 (in Italian).
- BERTINI C., STACH I., Banzhaf voting power measure, [in:] K. Dowding (Ed.), Encyclopedia of Power, SAGE, Los Angeles 2011, 54.
- CRAMA Y., LERUTH L., Control and voting power in corporate networks: concepts and computational aspects, European Journal of Operational Research, 2007, 178, 879.
- CRAMA Y., LERUTH L., Power indices and the measurement of control in corporate structures, International Game Theory Review, 2013, 15 (3), 1340017-1.
- CRAMA Y., LERUTH L., WANG S., A Markov chain model of power indices in corporate structures, Working paper, 2011, retrieved from http://hdl.handle.net/2268/178393, April 2016.
- DENTI E., PRATI N., Finding winning coalition in indirect weighted majority games, Working Paper Dipartimento di Finanza dell'Impresa e dei Mercati Finanziari, University of Udine, 1996 (1).
- DENTI E., PRATI N., An algorithm for winning coalitions in indirect control of corporations, Decisions in Economics and Finance, 2001, 24 (2), 153.
- DENTI E., PRATI N., Relevance of winning coalitions in indirect control of corporations, Theory and Decision, 2004, 56, 183.
- GAMBARELLI G., OWEN G., Indirect control of corporations, International Journal of Game Theory, 1994, 23, 287.
- HU X., SHAPLEY L.S., On authority distributions in organizations: controls, Games and Economic Behavior, 2003, 45 (1), 153.
- JOHNSTON R.J., On the measurement of power. Some reactions to Lawer, Environment and Planning A, 1978, 10, 907.
- KAROS D., PETERS H., Indirect control and power in mutual control structures, Games and Economic Behavior, 2015, 92, 150.
- KOŁODZIEJ M., STACH I., Control sharing analysis and simulation, Proceedings of International Conference on Industrial Logistics ICIL 2016, forthcoming.
- MERCIK J., LOBOS K., Index of implicit power as a measure of reciprocal ownership, Springer Lecture Notes in Computer Science 9760, 2016, 132.
- OWEN G., Multilinear extensions of games, Management Sciences, 1972, 18, 64.
- PENROSE L.S., The elementary statistics of majority voting, Journal of the Royal Statistical Society, 1946, 109, 53.
- PENROSE L.S., On the objective study of crowd behaviour, H.K. Lewis Co., London 1952.
- SHAPLEY L.S., SHUBIK M., A method for evaluating the distributions of power in a committee system, American Political Science Review, 1954, 48, 787.
- STACH I., Shapley-Shubik index, [in:] K. Dowding (Ed.), Encyclopedia of Power, SAGE Publications, Los Angeles 2011, 603.
- www.volkswagenag.com/content/vwcorp/content/en/investor_relations/share/Shareholder_Structure.html (URL consulted in March 2016).
- Cytowane przez
- ISSN
- 2081-8858
- Język
- eng
- URI / DOI
- http://dx.doi.org/10.5277/ord160202
