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Divestiture and Share Price
5 references·16 citing·50 second hop
Divestiture and Share Price (1975)Divestiture and Share PriceThe Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Empirical Estimates of the Amount and Distribution of Gains to Companies in Mergers (1973)Empirical Estimates of the Am…DIVERSIFICATION, PORTFOLIO ANALYSIS AND THE UNEASY CASE FOR CONGLOMERATE MERGERS (1970)DIVERSIFICATION, PORTFOLIO AN…A Theory of Conglomerate Mergers (1969)A Theory of Conglomerate Merg…ABANDONMENT VALUE AND CAPITAL BUDGETING* (1967)ABANDONMENT VALUE AND CAPITAL…Structural and longitudinal analysis of the knowledge base on spin-off research (2017)Structural and longitudinal a…Research on corporate divestitures: A synthesis (2008)Research on corporate divesti…Stock market valuation of joint venture sell-offs (2005)Stock market valuation of joi…Valuation effects of foreign divestitures (1998)Valuation effects of foreign …Voluntary Divestitures and the Choice Between Sell‐Offs and Spin‐Offs (1996)Voluntary Divestitures and th…Voluntary Corporate Divestitures as Antitakeover Mechanisms (1995)Voluntary Corporate Divestitu…Value creation through corporate restructuring: European divestitures (1995)Value creation through corpor…Share price reaction to plant-closing announcements (1994)Share price reaction to plant…Corporate Divestment: An Overview (1993)Corporate Divestment: An Over…MANAGEMENT BUYOUT ANNOUNCEMENTS AND SECURITIES RETURNS: A UK STUDY 1984–1989 (1992)MANAGEMENT BUYOUT ANNOUNCEMEN…A STOCK MARKET EVALUATION OF MANAGEMENT BUYOUTS (1990)A STOCK MARKET EVALUATION OF …THE EFFECT OF VOLUNTARY CORPORATE LIQUIDATION ON SHAREHOLDER WEALTH (1987)THE EFFECT OF VOLUNTARY CORPO…DIVESTITURE UNCERTAINTY AND SHAREHOLDER WEALTH: EVIDENCE FROM THE U.S.A. (1975–1982) (1986)DIVESTITURE UNCERTAINTY AND S…An Analysis of Divestiture Effects Resulting from Deregulation (1986)An Analysis of Divestiture Ef…THE WEALTH EFFECTS OF VOLUNTARY SELLOFFS: IMPLICATIONS FOR DIVESTING AND ACQUIRING FIRMS (1985)THE WEALTH EFFECTS OF VOLUNTA…The Separation of Real Estate Operations By Spin‐Off (1984)The Separation of Real Estate…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)DEBT AND TAXES* (1977)Determinants of corporate borrowing (1977)Valuation and Performance of Reacquisitions Following Equity Carve‐Outs (2006)Changes in foreign operation modes: Stimuli for increases versus reductions (2010)A systematic review of the literature on industrial divestment (2019)PORTFOLIO SELECTION* (1952)Dividend Policy, Growth, and the Valuation of Shares (1961)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Strategy and Structure in the Multiproduct Firm (1987)Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1 (1998)Institutional cross-ownership and corporate strategy: The case of mergers and acquisitions (2017)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Measuring security price performance (1980)Corporate real estate's impact on the takeover market (1990)Integrating Research on Markets for Space and Capital† (1992)Commercial Real Estate as an Asset Class (2019)Three Problems in Rationing Capital (1955)Mathematical Programming and the Analysis of Capital Budgeting Problems. (1964)Mathematical Programming and the Analysis of Capital Budgeting Problems. (1965)Applying Behavioral Finance to Capital Budgeting: Project Terminations (1987)Exit, the firm and sunk costs: reconceptualizing the corporate geography of disinvestment and plant closure (1997)Trade credit insurance, capital constraint, and the behavior of manufacturers and banks (2014)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980)The Economic Institutions of Capitalism (1987)Market exit and barriers to exit: Theory and practice (2000)Foreign Divestment (2010)Subsidiary Divestment: The Role of Multinational Flexibility (2014)The market for corporate control (1983)Using daily stock returns (1985)Search Theory and the Tender Offer Auction (1986)Empirical Evidence on Shareholder Value and the Sale‐Leaseback of Corporate Real Estate (1990)Wealth effects for acquirers and divestors related to foreign divested assets (2000)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)Efficient Capital Markets: II (1991)The Adjustment of Stock Prices to New Information (1969)Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)Real Options in Divestment Alternatives (2011)Policy risk, strategic decisions and contagion effects: Firm‐specific considerations (2016)Taking stock of foreign divestment: Insights and recommendations from three decades of contemporary literature (2019)A Life Cycle Theory of the Firm (1972)Value creation in acquisitions: A re‐examination of performance issues (1990)Earnings management and the market performance of acquiring firms (2004)The effects of conglomerate mergers (1977)Intra-industry information releases (1987)The Corporation, Competition, and the Invisible Hand (2016)
this work references cited by second hop

References

  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1969A Theory of Conglomerate Mergers510 cited
  • 1970DIVERSIFICATION, PORTFOLIO ANALYSIS AND THE UNEASY CASE FOR CONGLOMERATE MERGERS257 cited
  • 1967ABANDONMENT VALUE AND CAPITAL BUDGETING*145 cited
  • 1973Empirical Estimates of the Amount and Distribution of Gains to Companies in Mergers143 cited

Cited by

  • 2008Research on corporate divestitures: A synthesis77 cited
  • 1984The Separation of Real Estate Operations By Spin‐Off48 cited
  • 1993Corporate Divestment: An Overview44 cited
  • 1985THE WEALTH EFFECTS OF VOLUNTARY SELLOFFS: IMPLICATIONS FOR DIVESTING AND ACQUIRING FIRMS43 cited
  • 1996Voluntary Divestitures and the Choice Between Sell‐Offs and Spin‐Offs33 cited
  • 1998Valuation effects of foreign divestitures30 cited
  • 1994Share price reaction to plant-closing announcements28 cited
  • 1986An Analysis of Divestiture Effects Resulting from Deregulation25 cited
  • 1995Value creation through corporate restructuring: European divestitures24 cited
  • 2005Stock market valuation of joint venture sell-offs23 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 1987THE EFFECT OF VOLUNTARY CORPORATE LIQUIDATION ON SHAREHOLDER WEALTH22 cited
  • 1995Voluntary Corporate Divestitures as Antitakeover Mechanisms19 cited
  • 1986DIVESTITURE UNCERTAINTY AND SHAREHOLDER WEALTH: EVIDENCE FROM THE U.S.A. (1975–1982)18 cited
  • 1992MANAGEMENT BUYOUT ANNOUNCEMENTS AND SECURITIES RETURNS: A UK STUDY 1984–198918 cited
  • 1990A STOCK MARKET EVALUATION OF MANAGEMENT BUYOUTS15 cited
  • 2017Structural and longitudinal analysis of the knowledge base on spin-off research12 cited