We investigate the shareholder wealth effects of 233 joint venture announcements of Dutch public companies in the period 1987 till 1998. The research shows that, on average, establishing joint ventures has a positive effect on the market value of Dutch companies. Using the strategic...

We investigate the shareholder wealth effects of 233 joint venture announcements of Dutch public companies in the period 1987 till 1998. The research shows that, on average, establishing joint ventures has a positive effect on the market value of Dutch companies. The results indicate that joint...

Firms in performance decline may choose a wide variety of restructuring strategies for recovery. Different kind of strategies may have different implications for stakeholders, such as managers, shareholders and lenders. The choice of recovery strategies is therefore among others determined by...

This paper investigates the initial returns and long run performance of initial public offerings (IPO) using a sample of 38 private equity-backed IPOs and 68 non-private equity-backed IPOs in the period 1985-1998 on the Amsterdam Stock Exchange. We find that private equity-backed firms...

This paper examines the effect of the initial spinoff announcement on shareholder wealth by means of an ex ante study. The event study is based on a sample of 210 worldwide spinoff announcements in the period 1990 to 1998. A Positive return of 2.6 % (3-day Cumulative abnormal return) is...