Essays about: "Equity carve-out"

Found 2 essays containing the words Equity carve-out.

1. 1. How do equity carve-outs create value? An investigation from three perspectives

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Johan Gunnarsson; Rebecca Gustafsson; [2021]
   Keywords : Equity carve-out; Value creation; Divestiture; Diversification;

   Abstract : In this study, we investigate the value creation from equity carve-outs from the perspectives of the asymmetric information hypothesis, the divestiture gains hypothesis and the heterogeneous beliefs hypothesis. We examine the corporate impact of undertaking a carve-out decision on operational performance and valuation levels for parent and subsidiary firms. READ MORE

3. 2. Pure-Play Creation: Will Increased Focus on Core Business Lines Unleash Shareholder Value?

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Jeff Fridberg; Jakob Nylin; [2006]
   Keywords : divestment; quity carve-out; spin-off; diversification discount; conglomerate;

   Abstract : Industrially and globally diversified firms are valued at a discount to a portfolio of pure-play comparable businesses. Hence any firm with non-core activities should be able to unleash shareholder value through elimination of the diversification discount by streamlining the firm through divestments/spin-offs/equity carve-outs. READ MORE