COWER 发表于 2025-3-25 05:21:57
http://reply.papertrans.cn/99/9804/980325/980325_21.pngjocular 发表于 2025-3-25 07:50:48
Short-term price performance of European equity carve-outs,ways: First, the unprecedented sample size (in German/European terms) of n=178, originating from 13 European countries in the 1984 to 2004 period, allows the examination of a series of variables used to explain the cross-section of abnormal returns for which results up to now have been either inconcComplement 发表于 2025-3-25 13:03:35
http://reply.papertrans.cn/99/9804/980325/980325_23.pngcrockery 发表于 2025-3-25 17:23:47
Long-term price performance of European equity carve-outs, the 36 months following the event. Abnormal LTPP tends to be negative on average for both parent and subsidiary firms, but assessment of significance depends on the specific methodology applied. Significance is more frequent in equal-weighted schemes, suggesting that underperformance is more pervas我就不公正 发表于 2025-3-25 22:38:00
What do we learn about internal capital markets from equity carve-outs?, two related questions with the help of a sample of European equity carve-outs (ECOs): First, what is the investors’ average judgement on the existence of ICMs? Second, what are the conditions for ICM efficiency? Investors’ opinion is assessed via the share price reaction to the announcement of an EGenerator 发表于 2025-3-26 00:53:42
Determinants of the nature of the second event in European equity carve-outs,ency of the various types of second events for a sample of European ECOs. Sell-offs occur more often in Europe than in the US, potentially driven by differences in the development states of European vs. US financial markets: European markets may have a lower market capacity and may also produce loweadhesive 发表于 2025-3-26 07:24:43
Conclusion,irms intending to engage in an ECO and for potential investors, as well as for academics interested to do research on ECOs (section 8.2), and concludes by listing future research opportunities in this field (section 8.3).栖息地 发表于 2025-3-26 10:16:03
http://reply.papertrans.cn/99/9804/980325/980325_28.pngAudiometry 发表于 2025-3-26 15:11:10
http://reply.papertrans.cn/99/9804/980325/980325_29.pngTHROB 发表于 2025-3-26 17:21:27
What do we learn about internal capital markets from equity carve-outs?,e of ICMs? Second, what are the conditions for ICM efficiency? Investors’ opinion is assessed via the share price reaction to the announcement of an ECO, and ICM activity is measured using a series of variables constructed to reflect the size and the efficiency of a firm’s ICM.