Chahine, Salim; Zeidan, Mohamad - In: Journal of Management and Governance 18 (2014) 2, pp. 471-503
Using the Gompers, Ishii, and Metrick corporate governance index on a sample of 158 parent firms, this study demonstrates that firms with a superior governance rating have a higher short-term market reaction to carve-out announcements relative to firms with an inferior governance rating....