This paper investigates whether different levels of investor protection affect the market valuation of Non-Controlling Interests (NCI)' share of subsidiaries in a consolidated entity. Using a set of European publicly listed firms, our findings suggest a positive association of NCI with parent...

"This book highlights the recent move to International Financial Reporting Standards (IFRS) and addresses some of the concerns raised due to cultural differences and the level of enforcement of these standards in separate countries"--