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The Choice Between Spin-offs and Sell-offs
16 references·1 citing·40 second hop
The Choice Between Spin-offs and Sell-offs (2000)The Choice Between Spin-offs and Sell-offsAgency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Asset sales, firm performance, and the agency costs of managerial discretion (1995)Asset sales, firm performance…Asset sales and increase in focus (1995)Asset sales and increase in f…Asset Sales, Firm Performance, and the Agency Costs of Managerial Discretion (1994)Asset Sales, Firm Performance…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Restructuring through spinoffs (1993)Restructuring through spinoffsLarge Shareholders and the Monitoring of Managers: The Case of Antitakeover Charter Amendments (1990)Large Shareholders and the Mo…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…The market for interfirm asset sales (1987)The market for interfirm asse…The Timing and Substance of Divestiture Announcements: Individual, Simultaneous and Cumulative Effects (1986)The Timing and Substance of D…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Effect of Voluntary Sell-Off Announcements on Shareholder Wealth (1985)The Effect of Voluntary Sell-…The Effect of Voluntary Spin‐off Announcements on Shareholder Wealth (1983)The Effect of Voluntary Spin‐…The Effect of Voluntary Spin-off Announcements on Shareholder Wealth (1983)The Effect of Voluntary Spin-…Security price reactions around corporate spin-off announcements (1983)Security price reactions arou…Effects of recontracting on shareholder wealth (1983)Effects of recontracting on s…Spinoffs, Selloffs and Equity Carveouts: An Analysis of Divestiture Method Choice (2001)Spinoffs, Selloffs and Equity…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The market for corporate control (1983)Using daily stock returns (1985)Corporate Restructuring: Governance and Control Limits of the Internal Capital Market (1990)Chapter 13 Financial decision-making in markets and firms: A behavioral perspective (1995)Firm performance and focus: long-run stock market performance following spinoffs (1999)The Nature of the Firm (1937)Separation of Ownership and Control (1983)Corporate Combinations and Common Stock Returns: The Case of Joint Ventures (1985)A comparison of equity carve-outs and seasoned equity offerings (1986)Corporate mergers and security returns (1986)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Higher market valuation of companies with a small board of directors (1996)A Survey of Corporate Governance (1997)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Diversification's effect on firm value (1995)The effects of bank mergers and acquisitions on small business lending (1998)The consolidation of the financial services industry: Causes, consequences, and implications for the future (1999)Does Diversification Cause the 'Diversification Discount'? (2000)Determinants of corporate borrowing (1977)Measuring security price performance (1980)Measuring the Effects of Regulation with Stock Price Data (1985)Corporate focus and value creation evidence from spinoffs (1997)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The Structure of Ownership and the Theory of the Firm (1983)Large Shareholders and Corporate Control (1986)Ownership structure and voting on antitakeover amendments (1988)Takeover Defenses of IPO Firms (2002)Board Composition and Corporate Fraud (2004)The sources of value destruction in acquisitions by entrenched managers (2012)Performance Pay and Top-Management Incentives (1990)Corporate governance, chief executive officer compensation, and firm performance (1999)Corporate financing and investment decisions when firms have information that investors do not have (1984)THE NATURE OF MAN* (1994)Divestitures and the liquidity of the market for corporate assets (2002)The price of corporate liquidity: Acquisition discounts for unlisted targets (2006)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1995Asset sales and increase in focus730 cited
  • 1990Large Shareholders and the Monitoring of Managers: The Case of Antitakeover Charter Amendments569 cited
  • 1995Asset sales, firm performance, and the agency costs of managerial discretion561 cited
  • 1983Security price reactions around corporate spin-off announcements452 cited
  • 1983Effects of recontracting on shareholder wealth384 cited
  • 1987The market for interfirm asset sales346 cited
  • 1993Restructuring through spinoffs340 cited
  • 1985The Effect of Voluntary Sell-Off Announcements on Shareholder Wealth321 cited
  • 1983The Effect of Voluntary Spin-off Announcements on Shareholder Wealth239 cited
  • 1983The Effect of Voluntary Spin‐off Announcements on Shareholder Wealth234 cited
  • 1994Asset Sales, Firm Performance, and the Agency Costs of Managerial Discretion

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211 cited
  • 1986The Timing and Substance of Divestiture Announcements: Individual, Simultaneous and Cumulative Effects183 cited
  • Cited by

    • 2001Spinoffs, Selloffs and Equity Carveouts: An Analysis of Divestiture Method Choice20 cited