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The relationshiop between Shareholding Concentration and Shareholder Voting Power in British Companies : A study of the Application of Power Indices for Simple Games

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  • Leech, Dennis

Abstract

The relationship between shareholding concentration and shareholder voting power and the question of corporate control has long been recognised as being of central importance in the economies of the firm and has given rise to a large literature. Despite this, however, and the fact that quite sharp differences in perspective exist in this literature, relatively little work has been done on actually attempting to measure, in a theoretically rigorous way, the quantitative significance of empirically observed differences in concentration on the distribution of power.

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  • Leech, Dennis, 1985. "The relationshiop between Shareholding Concentration and Shareholder Voting Power in British Companies : A study of the Application of Power Indices for Simple Games," The Warwick Economics Research Paper Series (TWERPS) 267, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:267
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    References listed on IDEAS

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    1. Leech, Dennis, 1985. "Ownership Concentration and the Theory of the Firm: a Simple Game-Theoretic Approach Applied to US Corporations in the 1930's," Economic Research Papers 269227, University of Warwick - Department of Economics.
    2. Leech, Dennis, 1985. "Ownership Concentration and the Theory of the Firm : A Simple-Game-Theoretic Approach to Applied US Corporations in the 1930's," The Warwick Economics Research Paper Series (TWERPS) 262, University of Warwick, Department of Economics.
    3. Guillermo Owen, 1975. "Multilinear extensions and the banzhaf value," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 22(4), pages 741-750, December.
    4. Owen, Guillermo, 1975. "Evaluation of a Presidential Election Game," American Political Science Review, Cambridge University Press, vol. 69(3), pages 947-953, September.
    5. Guillermo Owen, 1972. "Multilinear Extensions of Games," Management Science, INFORMS, vol. 18(5-Part-2), pages 64-79, January.
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