A Property Rights Based Consolidation Approach

14 Pages Posted: 6 Feb 2014

See all articles by André Casajus

André Casajus

Handelshochschule Leipzig (HHL)

Helfried Labrenz

University of Leipzig - Faculty of Economics and Management Science

Date Written: February 4, 2014

Abstract

We suggest a full consolidation approach that takes into account the property rights structure within the subsidiaries, in particular, the majority requirements on restructurings. Our approach employs a property rights index based on cooperative game theory.

Keywords: consolidation, majority requirements, property rights, cooperative game theory, Shapley value

JEL Classification: C71, G32, G34, M41, M44

Suggested Citation

Casajus, André and Labrenz, Helfried, A Property Rights Based Consolidation Approach (February 4, 2014). Available at SSRN: https://ssrn.com/abstract=2391199 or http://dx.doi.org/10.2139/ssrn.2391199

André Casajus

Handelshochschule Leipzig (HHL) ( email )

Jahnallee 59
Leipzig, 04109
Germany

Helfried Labrenz (Contact Author)

University of Leipzig - Faculty of Economics and Management Science ( email )

Leipzig, 04109
Germany

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