Title
Value creation from Corporate Restructuring: Wealth effects and value channels of European spinoffs over 19982007,Used
Delivery time: 8-12 business days (International)
This book describes the study on shareholder wealth effects of European spinoffs 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 spinoff. The results in this book show also that shareholders are not better off within one ?and two years after a spinoff transaction since returns in excess of matching firms are strongly insignificant for parent, offspring and proforma combined firms. Nevertheless, managers whose remuneration package is linked to the operating performance of the firm may benefit substantially from a spinoff transaction. Seven value channels through which shareholder wealth might be created in European spinoffs are examined: improvement of corporate focus, reduction of information asymmetry, improvement of geographical focus, impact of corporate governance, the relative size of the spinoff, the timing effect of spinoffs and the presence of a takeover threat prior to the spinoff announcement. This book provides modern insights about shareholder wealth effects in European spinoff transactions and announcements.
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Shipping & Returns
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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