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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...
Persistent link: https://www.econbiz.de/10005583057
Voting Power Indices enable the analysis of the distribution of power in a legislature or voting body in which different members have different numbers of votes. Although this approach to the measurement of power, based on co-operative game theory, has been known for a long time its empirical...
Persistent link: https://www.econbiz.de/10005748205
This paper assesses the indices against a set of reasonable criteria in terms of shareholder voting power and the control of the corporation in a large cross section of British companies. Each company is a separate voting body and there is much variation in the distribution of voting shares...
Persistent link: https://www.econbiz.de/10005146829
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...
Persistent link: https://www.econbiz.de/10005146902
This paper reports on a study that tests the anecdotal hypothesis that the prices of houses near popular comprehensive schools carry a premium. Since local education authorities use admissions policies based on catchment areas and places in popular schools are very hard to obtain from outside...
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