What drives European spinoff value effects? : impact of corporate governance, information asymmetry, and investor irrationality on firm values
The thesis explores the magnitude and determinants of spinoff value effects using robust methodologies and different theoretical perspectives. From a sample of 170 European spinoffs in the period 1987-2005, I find that spinoff announcement returns are significantly positive while the long-run shareh...
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Cranfield University
2006
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.484612 |
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