Recognition of Non-Controlling Interest in Consolidated Financial Statements Based on Property Rights

Casajus André () and Labrenz Helfried ()
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Casajus André: HHL Leipzig Graduate School of Management, Jahnallee 59, 04109Leipzig, Germany
Labrenz Helfried: Institut für Unternehmensrechnung, Finanzierung und Besteuerung, Wirtschaftswissenschaftliche Fakultät, Universität Leipzig, Grimmaische Str. 12, 04109Leipzig, Germany

Review of Law & Economics, 2017, vol. 13, issue 3, 23

Abstract: We suggest a recognition of non-controlling interest in consolidated financial statements that takes into account the property rights structure within subsidiary companies, in particular, majority requirements on restructurings, which may differ between countries. Our approach rests on a property rights index based on cooperative game theory. This index captures a parent company’s ability to acquire future gains of the subsidiary.

Keywords: consolidation; majority requirements; property rights; Shapley value (search for similar items in EconPapers)
JEL-codes: C71 G32 G34 M41 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1515/rle-2015-0050

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