Szafarz, Ariane; Levy, Marc - Centre Emile Bernheim, Solvay Brussels School of … - 2011
Cross-ownership breaks the traditional rule of one-sided corporate control. Using a novel approach based on stochastic … voting processes, this paper proposes a general method to determine control stakes in the presence of cross-ownership. It … offers a generalization of the Banzhaf index, which allows coping with cross-ownership-inclusive ownership graphs. The …