Do Spinoffs Create Value in Hong Kong?
There is a broad consensus in the literature that spinoffs tend to create value for shareholders and exhibit positive long-run excess returns. However, most of the prior studies are confined to the US and the European cases. The spinoff problems in Hong Kong are surprisingly under-studied despite i...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Group Publishing Limited
2006
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/16678/ http://ir.unimas.my/id/eprint/16678/1/Terence.pdf |