Zakaria, Nadisah; Arnold, Glen Christopher - In: Asian Academy of Management Journal of Accounting and … 8 (2012) 1, pp. 91-123
This paper investigates whether increased corporate focus surrounding a spin-off is associated with abnormal short … focus-increasing and non-focus-increasing parent firms, we find evidence against the claims of the focus …-increasing hypothesis. Our results show that focus-increasing parent firms significantly underperformed when compared to their counterparts …