Bardong, Florian; Bartram, Söhnke M.; Yadav, Pradeep K. - Volkswirtschaftliche Fakultät, … - 2006
This paper investigates the information environment during and after a corporate break-up utilizing direct measures of information asymmetry developed in the market microstructure literature. The analysis is based on all corporate break-ups in the United States in the period 1995-2005. The...