search query: @author Bühner, R. / total: 28
reference: 9 / 28
| Author: | Bühner, R. |
| Title: | Reaktionen des Aktienmarktes auf die Einführung von Management-Holdings |
| Journal: | Zeitschrift für Betriebswirtschaft
1996 : VOL. 66:1, p. 5-27 |
| Index terms: | HOLDING COMPANIES RISK ANALYSIS SHAREHOLDERS ORGANIZATIONAL STRUCTURE SAMPLING GERMANY |
| Language: | ger |
| Abstract: | This article analyses the stock market's reaction upon the introduction of a "management holding organization" on the basis of a sample of 30 German companies questioned. As criteria for assessing the reaction were used: abnormal return and as well as systematic and unsystematic risk. It turns out that shareholders in the short run react negatively to a reorganization. In the long run, however, a positive reaction can be observed with companies that diversified broadly into their core business. The risk remains unaffected by any reorganizaton. |
SCIMA