Corporate Spin-Offs and Shareholders’ Wealth: A Systematic Review and Future Research Agenda
Saima Nazir,
Khalid Chisti
Abstract:The spin-off has become a common mode of restructuring in the corporate world for the last few decades and has thus attracted the interest of researchers to investigate how this form of divestiture creates value for shareholders. While there is an agreement among researchers about the wealth creation of spin-offs around the announcement of the event, the sources of this wealth generation remain controversial. Moreover, the long-run stock performance of the spin-offs invites debates, as there are varied shreds … Show more
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