Zakaria, Nadisah; Arnold, Glen Christopher - In: Asian Academy of Management Journal of Accounting and … 8 (2012) 1, pp. 91-123
This paper investigates whether increased corporate focus surrounding a spin-off is associated with abnormal short-run and long-run share return performance from January 1980 to April 2011. By looking at the share return performance of both focus-increasing and non-focus-increasing parent firms,...