Moving by the facts happened in the Italian and international fashion system during the last years, the article outlines the various growth paths of the different companies involved and carries out the effects generated by external growth on company profitability and on the strength of the...

This article analyzes excess returns generated by corporate spinoffs with respect to changes in investment policies of the spun-off companies. Following the spin-off, the best performing spun-off companies with low growth opportunities exhibit a significant reduction in investment and the best...