Complexity and Some Numerical Algorithmic Turning-Point Problems Inherent in Excessive Outstanding Shares

  • Michael I. C. Nwogugu


Having excessive numbers of shares outstanding is either common or prevalent among listed companies in emerging markets and especially in Central/Eastern European, African and Asian stock markets (i.e. where such companies usually have between two-times and twelve-times the average numbers of outstanding shares of listed companies in developed countries like the US, UK and Japan, on an un-diluted basis)—and this condition can cause behavioral anomalies and sometimes contravenes established finance theories.


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Authors and Affiliations

  • Michael I. C. Nwogugu
    • 1
  1. 1.EnuguNigeria

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