actual owners and controllers. In particular, in continental Europe and in Asia, control tunnelling appears frequently … through pyramidal structure. After describing the ownership structure through a graph association, this paper analyses the … voting game at stake in the race for control. It compares existing methods and algorithms to identify the owners and …

Electrica agreements. This article studies the impact of this transfer of property by means of the Banzhaf control index. The … results show that the agreements have only modestly changed Suez’ control intensity on Elia. …

become difficult to assess a firm’s controllers. Furthermore, if there are numerous dominant shareholders, the control can be …

Control tunnelling over firms can be reached through pyramids, cross-ownership, and other complex features. This … robust measurement of integrated control that takes into account the threshold for control as applied in practice. Based on … graph theory, this paper aims at filling this gap and proposes a new algorithm for evaluating the control tunnelling exerted …

utilities are large firms with professional management: there is a separation between ownership and control. The agency costs of …The purpose of this Paper is to study the determinants of the concentration of ownership in a privatized, regulated … corporate ownership, and more specifically the degree of shareholder concentration. Another, related issue, to be addressed is …

This paper focuses on the mechanisms of collective control, such as in Japanese keiretsu, that is characterized by … compensation payments. These mechanisms of control are compared to reputation control, the latter working on original discount … process. The results are obtained with simulations. The efficiency of the collective control depends on the levels of discount …

The benefits of family ownership and control of firms are at the center of the family firm debate. Previous studies … have used either family ownership or management as proxies for control. Both indicators are off the mark, as they do not … family ownership, control and management on financial firm performance, while controlling for goal heterogeneity of different …