haku: @indexterm share prices / yhteensä: 1009
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| Tekijä: | Semadeni, M. Cannella, A. A. Jr. |
| Otsikko: | Examining the performance effects of post spin-off links to parent firms: should the apron strings be cut? |
| Lehti: | Strategic Management Journal
2011 : OCT, VOL. 32:10 p. 1083-1098 |
| Asiasana: | parent companies financial performance transaction costs agency theory share prices board of directors subsidiary companies capital markets corporate governance stock exchanges |
| Kieli: | eng |
| Tiivistelmä: | Using transaction cost and agency theories, this article examines 142 companies spun-off between 1986 and 1997, and investigates how oversight and ownership by the parent company affect stock market performance post spin-off. It is found that while child companies benefit from some links to the parent, having too many links is negatively connected with performance. The results propose that there is a balance between having too much and not enough parental involvement. |
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