Benou, Georgina; Madura, Jeff; Ngo, Thanh - In: The Quarterly Review of Economics and Finance 48 (2008) 3, pp. 505-519
We measure the change in value to sellers and buyers of divested high-tech assets. Sellers and buyers experience favorable announcement effects in response to high-tech divestitures. However, buyers of divested high-tech assets experience more favorable announcement effects than sellers, which...