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Value creation from Corporate Restructuring

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

This book describes the study on shareholder wealth effects of European spin-offs in the period 1998 until 2007. The results show that in 50% of all cases, shareholders of parent firms face positive wealth effects around the announcement date of a European spin-off. The results in this book show also that shareholders are not better off within one –and two years after a spin-off transaction since returns in excess of matching firms are strongly insignificant for parent, off-spring and pro-forma combined firms. Nevertheless, managers whose remuneration package is linked to the operating performance of the firm may benefit substantially from a spin-off transaction. Seven value channels through which shareholder wealth might be created in European spin-offs are examined: improvement of corporate focus, reduction of information asymmetry, improvement of geographical focus, impact of corporate governance, the relative size of the spin-off, the timing effect of spin-offs and the presence of a takeover threat prior to the spin-off announcement. This book provides modern insights about shareholder wealth effects in European spin-off transactions and announcements.

Product Specifications
SKU :COC42832
AuthorJarl Zegers
LanguageEnglish
BindingPaperback
Number of Pages96
Publishing Year2010-10-15T00:00:00.000
ISBN978-3843364331
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-01-08 00:00:00
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