A Property Rights Based Consolidation Approach
14 Pages Posted: 6 Feb 2014
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: 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
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