Essays about: "Yaroslava Obertas"

Found 1 essay containing the words Yaroslava Obertas.

  1. 1. Value creation from spin-offs: European evidence over 1998 - 2015

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Alexandra Claesson; Yaroslava Obertas; [2015]
    Keywords : Spin-off; Demerger; Efficient market;

    Abstract : 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