Some Propositions of Approaches for Measuring Indirect Control Power of Firms and Mutual Connections in Corporate Shareholding Structures

Author(s):  
Izabella Stach ◽  
Jacek Mercik ◽  
Cesarino Bertini
2021 ◽  
Vol 31 (1) ◽  
Author(s):  
Izabella Stach ◽  
Jacek Mercik

This paper discusses some game-theoretical methods for measuring indirect control in complex corporate shareholding networks. The methods use power indices in order to estimate the direct and indirect control in shareholding structures. Some of these methods only estimate the control power of investors (firms without shareholdings), and only a few measure the control power of all firms involved in shareholding networks (which means investors and stock companies). None of them take measuring the importance of mutual connections (edges in the networks) into consideration; thus we focus in particular on an extension of these methods in this paper in order to measure both the control-power of the firms involved in complex shareholding structures (represented by nodes in networks), and the importance (power) of linkages between the firms as elements of a whole corporate shareholding network. More precisely, we apply our approaches to a theoretical example of a corporate network. Moreover, we continue the considerations started in Mercik and Stach (Transactions on Computational Collective Intelligence XXXI, LNCS 11290: 64–79, 2018) about reasonable properties for indirect control measurement. Some ideas of new properties are proposed. The paper also provides a brief review of the literature concerning the topic.


2014 ◽  
pp. 107-121 ◽  
Author(s):  
S. Andryushin

The paper analyzes monetary policy of the Bank of Russia from 2008 to 2014. It presents the dynamics of macroeconomic indicators testifying to inability of the Bank of Russia to transit to inflation targeting regime. It is shown that the presence of short-term interest rates in the top borders of the percentage corridor does not allow to consider the key rate as a basic tool of monetary policy. The article justifies that stability of domestic prices is impossible with-out exchange rate stability. It is proved that to decrease excessive volatility on national consumer and financial markets it is reasonable to apply a policy of managing financial account, actively using for this purpose direct and indirect control tools for the cross-border flows of the private and public capital.


2021 ◽  
Vol 9 (3) ◽  
pp. 2170031
Author(s):  
Betül Erdör Türk ◽  
Mustafa Hadi Sarul ◽  
Ekrem Çengelci ◽  
Çiğdem İyigün Karadağ ◽  
Fatma Gül Boyacı San ◽  
...  

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Ali Ebrahimi ◽  
Marzieh Yousefi ◽  
Farhad Shahbazi ◽  
Mohammad Ali Sheikh Beig Goharrizi ◽  
Ali Masoudi-Nejad

AbstractControllability of complex networks aims to seek the lowest number of nodes (the driver nodes) that can control all the nodes by receiving the input signals. The concept of control centrality is used to determine the power of each node to control the network. The more a node controls the nodes through connections in the network, the more it has the power to control. Although the cooperative and free-rider strategies and the final level of cooperation in a population are considered and studied in the public goods game. However, it is yet to determine a solution to indicate the effectiveness of each member in changing the strategies of the other members. In a network, the choice of nodes effective in changing the other nodes’ strategies, as free-riders, will lead to lower cooperation and vice versa. This paper uses simulated and real networks to investigate that the nodes with the highest control power are more effective than the hubs, local, and random nodes in changing the strategies of the other nodes and the final level of cooperation. Results indicate that the nodes with the highest control power as free-riders, compared to the other sets being under consideration, can lead to a lower level of cooperation and are, therefore, more effective in changing the strategies of the other nodes. The obtained results can be considered in the treatment of cancer. So that, destroying the tumoral cells with the highest control power should be a priority as these cells have a higher capability to change the strategies of the other cells from cooperators to free-riders (healthy to tumoral).


1995 ◽  
Vol 105 (1) ◽  
pp. S25-S29 ◽  
Author(s):  
Brian J. Nickoloff ◽  
Raj S. Mitra ◽  
Laurence A. Turka ◽  
Frank O. Nestle

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