Hi. I do apologize for being late. I was supposed to update the document Wednesday night but I went home as an emergency. My home is in a village and almost out of network as I don't have Smartphone yet, I still use a button phone with no internet connection. whatever I do online is all by my Laptop at the university.

Last week's Wednesday I went home because of my older brother's sudden arrange marriage. I couldn't take my laptop with me suddenly that's the main reason for being late. I came back to my university today.

The last week's document was "Optimum Structure of Corporate Groups" published by Stylianos Artsidakis, Yiannis Thalassinos, Theofanis Petropoulos, Konstantinos Liapis, and Konstantinos Liapis in February 2022.

Here is the document source link:
https://www.researchgate.net/publication/358760725_Optimum_Structure_of_Corporate_Groups

Our main Research Documents folder with PDF file and source information:
https://drive.google.com/drive/u/0/folders/1sk4kfCca9MsKIx-JYTUHzLVBCwrY__x_

This document explains the process of how a single entity or a parent company controls subsidiaries directly or indirectly through its voting power. It also examines how the parent company of a group with given participation rates can increase its capital by changing the share structure of the group and maintaining management control over the group while the least capital comes from the majority.

Moreover the derivation of the new optimal structure of the group and the maximum parent’s cash inflow from shares exchange and how it favors its direct voting rights.