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| Tekijä: | Allen, J.W. |
| Otsikko: | Private information and spin-off performance |
| Lehti: | Journal of Business
2001 : APR, VOL. 74:2, p. 281-306 |
| Asiasana: | BUSINESS INFORMATION INSIDER TRADING SPIN-OFFS STOCK MARKETS |
| Kieli: | eng |
| Tiivistelmä: | 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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