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Shareholder Wealth Effects of Corporate Spin-Offs: The Worldwide Experience 1990-1998
14 references·0 citing·49 second hop
Shareholder Wealth Effects of Corporate Spin-Offs: The Worldwide Experience 1990-1998 (1999)Shareholder Wealth Effects of Corporate S…Capital Structure in Corporate Spin‐Offs (2004)Capital Structure in Corporat…Firm performance and focus: long-run stock market performance following spinoffs (1999)Firm performance and focus: l…Spinoffs and wealth transfers: The Marriott case (1997)Spinoffs and wealth transfers…Legal Determinants of External Finance (1997)Legal Determinants of Externa…Corporate focus and value creation evidence from spinoffs (1997)Corporate focus and value cre…THE GOVERNANCE AND CONTROL OF VOLUNTARY CORPORATE SPIN-OFFS (1996)THE GOVERNANCE AND CONTROL OF…A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs (1995)A comparison of the informati…Restructuring through spinoffs (1993)Restructuring through spinoffsUsing the Capital Market as a Monitor: Corporate Spinoffs in an Agency Framework (1991)Using the Capital Market as a…Additional Evidence on the Relation Between Divestiture Announcements and Shareholder Wealth (1984)Additional Evidence on the Re…Effects of recontracting on shareholder wealth (1983)Effects of recontracting on s…RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)RISK, UNCERTAINTY, AND DIVERG…Determinants of corporate borrowing (1977)Determinants of corporate bor…The Adjustment of Stock Prices to New Information (1969)The Adjustment of Stock Price…Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Initial Public Offerings and Underwriter Reputation (1990)The Long-Run Performance of Initial Public Offerings (1991)Market underreaction to open market share repurchases (1995)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Investor Psychology and Asset Pricing (2001)The Nature of the Firm (1937)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)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)Nonparametric event study tests (1992)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Informational Asymmetries, Financial Structure, and Financial Intermediation (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Antecedents and Outcomes of Corporate Refocusing (1996)Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs (2000)Can the Market Add and Subtract? Mispricing in Tech Stock Carve‐outs (2003)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)The option pricing model and the risk factor of stock (1976)Measuring security price performance (1980)Divestitures and Divisional Investment Policies (2003)Learning how to restructure: absorptive capacity and improvisational views of restructuring actions and performance (2008)Two Agency-Cost Explanations of Dividends (1984)Size and Book-to-Market Factors in Earnings and Returns (1995)The Cost of Diversity: The Diversification Discount and Inefficient Investment (1998)Family ownership and acquisition behavior in publicly‐traded companies (2009)Internationalization, innovation and entrepreneurship: business models for new technology-based firms (2010)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Pricing of Options and Corporate Liabilities (1973)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)The Cross‐Section of Volatility and Expected Returns (2006)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)The New Issues Puzzle (1995)Underreaction to Self-Selected News Events: The Case of Stock Splits (2002)The anatomy of bank diversification (2009)What Do We Know about Capital Structure? Some Evidence from International Data (1995)A Survey of Corporate Governance (1997)Financial intermediation and growth: Causality and causes (2000)Investor protection and corporate governance (2000)Earnings management and investor protection: an international comparison (2003)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Efficient Capital Markets: II (1991)
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References

  • 1977Determinants of corporate borrowing13,160 cited
  • 1969The Adjustment of Stock Prices to New Information4,914 cited
  • 1977RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION3,714 cited
  • 1997Legal Determinants of External Finance2,032 cited
  • 1997Corporate focus and value creation evidence from spinoffs405 cited
  • 1983Effects of recontracting on shareholder wealth384 cited
  • 1999Firm performance and focus: long-run stock market performance following spinoffs345 cited
  • 1993Restructuring through spinoffs340 cited
  • 1995A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs215 cited
  • 1984Additional Evidence on the Relation Between Divestiture Announcements and Shareholder Wealth213 cited
  • 1991Using the Capital Market as a Monitor: Corporate Spinoffs in an Agency Framework152 cited
  • 1996THE GOVERNANCE AND CONTROL OF VOLUNTARY CORPORATE SPIN-OFFS143 cited
  • 1997Spinoffs and wealth transfers: The Marriott case117 cited
  • 2004Capital Structure in Corporate Spin‐Offs112 cited

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