A property rights based consolidation approach
We suggest a full consolidation approach that takes into account the property rights structure whithin the subsidiaries, in particular, the majority requirements on restructurings. Our approach employs a property rights index based on cooperative game theory.
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- Carreras, Francesc & Owen, Guillermo, 1988. "Evaluation of the Catalonian Parliament, 1980-1984," Mathematical Social Sciences, Elsevier, vol. 15(1), pages 87-92, February.
- Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-62, December.
- Dennis Leech, 1988.
"The Relationship Between Shareholding Concentration and Shareholder Voting Power in British Companies: A Study of the Application of Power Indices for Simple Games,"
INFORMS, vol. 34(4), pages 509-527, April.
- Leech, Dennis, 1985. "The relationshiop between Shareholding Concentration and Shareholder Voting Power in British Companies : A study of the Application of Power Indices for Simple Games," The Warwick Economics Research Paper Series (TWERPS) 267, University of Warwick, Department of Economics.
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