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The pattern of ownership and control of British industry is unusual compared with most other countries in that … ownership is relatively dispersed. Typically the largest shareholder in any large listed company is likely to own a voting … minority of the shares. Majority ownership by a single shareholder is unusual. It is not uncommon for the largest shareholding …
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ownership of 444 large UK companies without majority control. …
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In general in an organization whose system of governance involves weighted voting, a member's weight in terms of the number of votes and the formal power it represents differ. Power indices provide a means of analyzing this difference. The paper uses new algorithms for computing power indices...
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Does improving creditor coordination by strengthening CACs lead to efficiency gains in the functioning of sovereign …’s incentives are taken into account, we demonstrate the robust possibility of a conflict between ex ante and interim efficiency. We …
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This paper examines the irreversible adoption of a technology whose returns are uncertain, when there is an advantage to being the first adopter, but a network advantage to adopting when others also do so. Two patterns of adoption emerge: sequential, in which the leader aggressively preempts its...
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