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Indirect control and power

Author

Listed:
  • Cesarino Bertini
  • Jacek Mercik
  • Izabella Stach

Abstract

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.

Suggested Citation

  • Cesarino Bertini & Jacek Mercik & Izabella Stach, 2016. "Indirect control and power," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 26(2), pages 7-30.
    • Handle: RePEc:wut:journl:v:2:y:2016:p:7-30:id:1228
    DOI: 10.5277/ord160202
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    Cited by:

    1. Izabella Stach & Jacek Mercik, 2021. "Measurement of control power in corporate networks," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 31(1), pages 97-121.
    2. 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.
    3. Somdeb Lahiri, 2021. "Pattanaik's axioms and the existence of winners preferred with probability at least half," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 31(2), pages 109-122.
    4. Izabella Stach & Jacek Mercik, 2021. "Measurement of control power in corporate networks," Operations Research and Decisions, Wroclaw University of Science Technology, Faculty of Management, vol. 31, pages 97-121.

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