Hite, Gailen L.; Owers, James E.; Rogers, Ronald C. - In: Real Estate Economics 12 (1984) 3, pp. 318-332
In this paper, we consider spin-offs as a vehicle to separate real estate operations from other real estate and/or non-real estate operations. For a sample of 33 such spin-offs announced and completed between 1962 and 1982, we document significantly positive abnormal returns around spin-off...
