Portfolio selection for managerial control

Y. Amihud; A. Barnea

doi:10.1016/0305-0483(74)90116-9

Portfolio selection for managerial control

Y. Amihud^*, A. Barnea

^*Corresponding author for this work

Coller School of Management

Research output: Contribution to journal › Article › peer-review

Abstract

The paper formulates a decision problem where stocks are purchased to maximize the voting power of the portfolio. The statistic representing the voting power is derived from game theoretic solutions namely the "Shapley Value". The tradeoff between the variance of the portfolio returns and the value of the voting power statistic is explicitly considered.

Original language	English
Pages (from-to)	775-783
Number of pages	9
Journal	Omega
Volume	2
Issue number	6
DOIs	https://doi.org/10.1016/0305-0483(74)90116-9
State	Published - Dec 1974

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title = "Portfolio selection for managerial control",

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author = "Y. Amihud and A. Barnea",

year = "1974",

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doi = "10.1016/0305-0483(74)90116-9",

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AU - Amihud, Y.

AU - Barnea, A.

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AB - The paper formulates a decision problem where stocks are purchased to maximize the voting power of the portfolio. The statistic representing the voting power is derived from game theoretic solutions namely the "Shapley Value". The tradeoff between the variance of the portfolio returns and the value of the voting power statistic is explicitly considered.

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DO - 10.1016/0305-0483(74)90116-9

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SP - 775

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JO - Omega

JF - Omega

SN - 0305-0483

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Portfolio selection for managerial control

Abstract

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