Borde, Stephen F.; Madura, Jeff; Akhigbe, Aigbe - In: Managerial and Decision Economics 19 (1998) 2, pp. 71-79
This study assesses announcement period valuation effects of foreign divestitures and explains why these valuation effects vary among firms. Significant positive valuation effects are observed. The valuation effects of foreign divestitures are positive and are similar in magnitude to those of a...