Essays about: "corporate spin-offs"

Showing result 6 - 10 of 13 essays containing the words corporate spin-offs.

1. 6. Spin-off Impact on Shareholder Wealth: A worldwide study on market reactions to spin-off announcements

   University essay from

   Author : Susanna Hellström; Arvid Landmark; [2020-07-01]
   Keywords : Corporate restructuring; Divestiture; Spin-off; Average cumulative abnormal return; Diversification; Information asymmetry;

   Abstract : This thesis investigate the spin-off wealth effect and its determinant factors for spin-offs announced in the period 2000-2019. The sample is distributed over three regions; Europe, Asia-Pacific, and the US, with 103, 248 and 164 sample transactions, respectively. READ MORE

3. 7. Better off Without You? A Study on Capital Allocation Efficiency of Spin-offs in the United States

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Alexander Ribrant; Alice Askenström; [2020]
   Keywords : Spin-offs; Capital Allocation Efficiency; Investments; Tobin s Q;

   Abstract : Through this paper we examine the internal capital allocation efficiency of spun-off entities, before and after completing spin-offs from their respective parent companies. The study involves a collection of 78 public, corporate spin-offs in the US during the time period 2005-2016. READ MORE

4. 8. The Corporate Governance Scorecard - Testing an investment strategy focusing on spin-offs with strong corporate governance

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : John Kleven Falck; Sebastian Lindeborg; [2019]
   Keywords : Business and Economics;

   Abstract : Seminar date: 03/06/2019 Course: BUSN79 Business Administration: Degree Project in Accounting and Finance, 15 credits Authors: John Kleven Falck and Sebastian Lindeborg Advisor: Håkan Jankensgård Key words: Spin-offs, agency theory, efficient market hypothesis, investment strategy, corporate governance, The Corporate Governance Scorecard Purpose: The purpose of this paper is to test an investment strategy investing solely in spin-offs with strong corporate governance to achieve superior abnormal returns Methodology: This paper designs and adopts a binary scorecard called The Corporate Governance Scorecard, which is used to create two groups of spin-offs with strong and weak corporate governance respectively. T-statistics have been adopted to test the difference in buy-and-hold abnormal return between the two groups. READ MORE

5. 9. A COMPREHENSIVE ANALYSIS OF THE SHAREHOLDER VALUE CREATION FROM SWEDISH SPIN-OFFS

   University essay from Göteborgs universitet/Graduate School

   Author : Niklas Grahn; Johan Särén; [2018-07-04]
   Keywords : Corporate Restructurings; Divestitures; Spin-offs; Abnormal Returns;

   Abstract : This thesis investigates the universe of Swedish tax-exempt Lex ASEA spin-offs since the start of the new millennium from the perspective of short-term and long-term stock price performance. The intention to spin off a subsidiary is viewed positively by investors, represented by a significant increase of the market's valuation of the company's equity by 2. READ MORE

6. 10. Managing Innovation: Motives and Success Factors Behind Corporate Spin-offs in Stockholm, Sweden : Featuring Case Studies of Local Spin-offs

   University essay from KTH/Industriell ekonomi och organisation (Inst.)

   Author : Adam Nilsson; [2017]
   Keywords : corporate spin-offs; entrepreneurship; intrapreneurship; innovation; research and development; business models; technology;

   Abstract : Corporate spin-offs have been on the rise in recent years and this trend has captured the interest from corporations worldwide who are looking to manage change and innovation in a new and exciting way.  This research includes primary data from case studies conducted through semi-structured interviews and secondary data from previous research around the subject area. READ MORE