Nixon, Terry D; Roenfeldt, Rodney L; Sicherman, Neil W - In: Review of Quantitative Finance and Accounting 14 (2000) 3, pp. 277-88
Spin-offs and sell-offs are alternative methods for divesting assets, but the effects on the parent firm differ substantially. We examine firms' characteristics that may influence the asset divestiture choice between a spin-off and sell-off. Results of the analysis indicate that the primary...