Sun, Meijui; Chen, K. C. - In: Review of Pacific Basin Financial Markets and Policies … 12 (2009) 01, pp. 87-102
In this paper, we study a sample of 179 corporate asset sales in Taiwan between 1993 and 2003. We find that corporate asset sales in Taiwan enhance parent firm value with cumulative abnormal returns of 1.7715% for the pre-announcement five-day period and 0.6086% for the two-day announcement...
