The Origin of Corporate Control Power

Jie He and Min Wang

Papers from arXiv.org

Abstract: How does the control power of corporate shareholder arise? On the fundamental principles of economics, we discover that the probability of a shareholder possessing optimal control power evolves in Fibonacci series pattern and emerges as the wave between 1/2 and 2/3 along with time in period of 12h (h is the time interval between the state and state of the evolution). 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 2025-01
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