search query: @author Allen, J.W. / total: 1
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| Author: | Allen, J.W. |
| Title: | Private information and spin-off performance |
| Journal: | Journal of Business
2001 : APR, VOL. 74:2, p. 281-306 |
| Index terms: | BUSINESS INFORMATION INSIDER TRADING SPIN-OFFS STOCK MARKETS |
| Language: | eng |
| Abstract: | Following pro rata spin-offs, shareholders, including insiders, trade their stock holdings in public subsidiaries independently of trades in parent firms. This article examines the predictive ability of informed trading with respect to post-spin-off stock performance and corporate control transactions. The author finds that subsequent to spin-offs, insiders are substantial purchasers of stock in public subsidiaries and sellers in parent firms. |
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