An Algorithm for Winning Coalitions in Indirect Control of Corporations

Nando Prati, Enrico Denti
Decisions in Economis and Finance 24(2), pages 153-158
March 2001

In this paper we study the case of a firm whose stockholders (briefly SHs) are companies whose property is in turn split into many SHs. – the so-called indirect SHs. Although most of the following considerations are referred to the case of indirect shareholding, they can be referred also to other cases. We first introduce some definitions (apart from the first, taken from gambarelli and Owen 81994)), then we introduce an algorithm to find all the winning coalitions in the indirect control problem