Kim, Dongnyoung; Tan, Tih Koon - In: Review of Accounting and Finance 15 (2016) 4, pp. 484-498
Purpose This paper aims to investigate the correlation between stock returns of the parent and newly created entity and the degree of return skewness in parents in the three different corporate restructurings. Design/methodology/approach Using a sample of spin-offs, equity carve-outs and...