Tai‐Leung Chong, Terence; Wai‐Hong Wong, Daniel; … - In: Journal of Asia Business Studies 4 (2009) 1, pp. 23-32
There is a broad consensus in the literature that spinoffs tend to create value for shareholders and exhibit positive long‐run excess returns. However, most of the prior studies are confined to the US and the European cases. The spinoff problems in Hong Kong are surprisingly under‐studied...