haku: @indexterm Company performance / yhteensä: 1230
viite: 275 / 1230
| Tekijä: | Desai, H. Jain, P. C. |
| Otsikko: | Firm performance and focus: long-run stock market performance following spinoffs |
| Lehti: | Journal of Financial Economics
1999 : OCT, VOL. 54:1, p. 75-101 |
| Asiasana: | Company performance Stock markets USA |
| Vapaa asiasana: | Spinoff Divestiture |
| Kieli: | eng |
| Tiivistelmä: | In the paper, it is examined whether an increase in focus is an explanation for the stock market gains associated with spinoffs. For a sample of 155 spinoffs btw. the years 1975 and 1991, it is found that the announcement period as well the long-run abnormal returns for the focus-increasing spinoffs are significantly larger than the corresponding abnormal returns for the non-focus-increasing spinoffs. |
SCIMA