The Origin of Corporate Control Power

Jie He and Min Wang

Papers from arXiv.org

Abstract: We discover that the probability of a shareholder possessing optimal control power evolves in Fibonacci sequence pattern and emerges as the simple harmonic oscillation of 1/2 - 2/3- 1/2 in 12 operations. This novel feature suggests the efficiency of the allocation of corporate shareholders' right and power. Data on the Chinese stock market support this prediction.

Date: 2021-06, Revised 2025-11
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