A theory of corporate spin-offs
Article Abstract:
Spin-offs could possibly increase the chances of a takeover by the right type of management team, enhance the operating performance of the firm and show an abnormal stock price return on the day of the announcement and the period after the spin-off. Spin-off increases the probability of the incumbent losing the firm to the rival, thus encouraging the incumbent to put in more efforts for managing the firm or to give up the control of the firm.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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Competition and cooperation among exchanges: a theory of cross-listing and endogenous listing standards
Article Abstract:
Firms' listing choices and the extent to which competition between exchanges affects their listing standards are analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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Management quality, certification, and initial public offerings
Article Abstract:
The impact of firm's management quality on initial public offerings is examined.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
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