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Showing result 1 - 5 of 7 essays matching the above criteria.
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1. The Hope for Shareholder Value - An in-depth case study on how financialization is manifested as managerial promises of future shareholder value creation, even when there is no external pressure
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This thesis draws upon an in-depth case study of Atlas Copco's reorganization through a demerger of its Mining and Rock Excavation Technique business area into two separately listed entities (Atlas Copco and Epiroc). Through interviews with the senior executives initiating and participating in the demerger, in combination with owner representatives, business journalists, and financial analysts following the companies, this study sought to explore how financialization is manifested in managerial promises of future shareholder value creation. READ MORE
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2. Exploring the demerger process
University essay from Uppsala universitet/Företagsekonomiska institutionenAbstract : Responding to an increasingly complex and competitive business climate, the last decades have seen a rise of various transformation alternatives for companies to consider. Whereas the field of M&A and divestitures have been devoted substantial academic attention, less research have been directed towards the unexplored phenomenon of demergers. READ MORE
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3. Value creation from spin-offs: European evidence over 1998 - 2015
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : We investigate the short term and long term abnormal returns of spin-offs over the 1998 - 2015 period by measuring the abnormal returns for parents at announcement and abnormal returns for spin-offs and their parent firms for periods of up to three years following the completion of the spin-off. The research is performed by event study of parent firm return around the announcement of the spin-offs and by benchmark portfolios of parent and subsidiaries against the Fama-French three-factor model. READ MORE
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4. The Old Mutual and Skandia demerger : Building commitment as a factor of success
University essay from Uppsala universitet/Företagsekonomiska institutionenAbstract : Increasing M&A activity has during recent years shown no indication of slowing down. Contrastingly the success rate of the M&A’s are still low, accordingly an increased frequency of demergers is a likely outcome. The demerger phenomenon has yet to reach the gaze of the academic community, where little is known surrounding the subject. READ MORE
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5. Managing a demerger process- A case study of a corporate divorce
University essay from Göteborgs universitet/Graduate SchoolAbstract : With increased M&A activities, and the fact that most mergers fail to meet their initial targets, it is likely that demergers will become more frequent. Since there is no previous conceptual framework explaining the forces and drivers of a demerger process, management has no theoretic foundation for how to approach this phenomenon. READ MORE
